U.S. Chicago Purchasing Managers Index is expected to increase in ultra -

According to the U.S. Institute for Supply Management data released on the 31st, the United States in August Chicago Purchasing Managers Index rose to 50, as the U.S. economy started to recover yet another proof.
     August Chicago Purchasing Managers Index rose to 43.4 from last month 50,50 is the dividing line between expansion and contraction, this figure is higher than market expectations. The index is generally considered to indicate changes in the first index of U.S. manufacturing, while manufacturing accounts for the proportion of the U.S. economy up to 12%.
  ,ghd;   Analysts believe that the Chicago purchasing managers index recovery is mainly due to the Government launched the "old cars for cash" program, which produced a strong impetus to the auto industry recovery.
     Released the same day some other local economic indicators showed the U.S. economy has started to recover. Another major industrial city of Milwaukee, the U.S. purchasing managers index in August rose to 56. Dallas Federal Reserve Bank data show that in August decline in industrial activity in Texas margin has been reduced. The New York State in August of commercial activities appeared three month growth.
    ,golf; However, the same day the New York Federal Reserve Bank, William • Dudley warned that the current economy is still very fragile, and the unemployment rate remained high, and the central bank monetary policy is essential for economic recovery, it should not hastily be adjusted.

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