Reply #51: U.S. Midwest business expands more slowly in Jan - fell to 51.5 from 52.0 in Dec [View All]

[UpInArms]

http://www.reuters.com/article/bondsNews/idUSN3124411620080131

CHICAGO, Jan 31 (Reuters) - Business activity in the U.S. Midwest expanded in January but at a slightly slower rate than expected as new orders dropped and price pressures accelerated, a report showed on Thursday.

The National Association of Purchasing Management-Chicago business barometer fell to 51.5 from 52.0 in December, originally reported at 56.6.

Economists had forecast the index unchanged at 52.0. A reading above 50 indicates expansion.

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