Activity in the industry around the American city of Chicago has increased less in August than a month earlier. This was announced by the Market Research Institute for Supply Management (ISM). The figure was also weaker than expected.
The purchasing manager index measuring activity around Chicago went to 51.2 of the 51.9 reported a month earlier. Economists, on average, calculated a level of 52.6 for the index, which, at a level above 50, points to growth and below that to contraction.
Consumer spending in the United States increased by 1.9% on a monthly basis in July. That’s what the U.S. Department of Commerce announced.
Economists had expected an average increase of 1.6 percent. In June, spending climbed with a revised 6.2 percent.
The personal incomes of American consumers increased unexpectedly by 0.4% in July.