Investing.com - Manufacturing activity in the Chicago-area weakened less than expected at the beginning of the year, industry data showed on Wednesday.
In a report, the Institute for Supply Management (ISM) said its Chicago purchasing managers’ index declined to a seasonally adjusted 65.7 this month.
Analysts had expected the index to decrease to 64.2 in January.
In December, the index was at 67.8.
On the index, a number above 50.0 indicates an expansion, while below indicates contraction.