Chicago PMI surprises positively as it reaches its highest level since 2018

The Chicago Purchasing Managers Index (PMI) rose more than five points in January, standing at 63.8 from 58.7 in December (figure revised down from 59.5). The result improves the 58.5 expected for today.

The final Chicago PMI data has been the highest seen in two and a half years, specifically since July 2018.

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