Investing.com – Manufacturing activity in the Chicago area increased unexpectedly in January, industry data showed on Monday.
In a report, market research group Kingsbury International said its Chicago purchasing managers’ index rose to a seasonally adjusted 68.8 in January, up from 66.8 in December, whose figure was revised down from 68.6.
Analysts had expected the index to decline to 65.0 in January.
On the index, a reading above 50.0 indicates expansion, below indicates contraction.
Following the release of the data, the U.S. dollar was down against the euro, with EUR/USD gaining 0.66% to hit 1.3701.
Meanwhile, U.S. stock markets were mixed: the Dow Jones Industrial Average gained 0.03%; the S&P 500 index climbed 0.13%, while the Nasdaq Composite index slumped 0.43%.
In a report, market research group Kingsbury International said its Chicago purchasing managers’ index rose to a seasonally adjusted 68.8 in January, up from 66.8 in December, whose figure was revised down from 68.6.
Analysts had expected the index to decline to 65.0 in January.
On the index, a reading above 50.0 indicates expansion, below indicates contraction.
Following the release of the data, the U.S. dollar was down against the euro, with EUR/USD gaining 0.66% to hit 1.3701.
Meanwhile, U.S. stock markets were mixed: the Dow Jones Industrial Average gained 0.03%; the S&P 500 index climbed 0.13%, while the Nasdaq Composite index slumped 0.43%.