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Contraction in Chicago Business Activity Deepened in May — MNI Indicators

By Dean Seal

Activity at manufacturers in the Chicago area contracted for a ninth consecutive month in May as demand cools and hiring remains challenging, data from a survey compiled by MNI Indicators showed Wednesday.

The Chicago Business Barometer fell to 40.4 in May from 48.6 in April, its lowest reading in six months and below the 47.0…

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