by Calculated Risk on 5/31/2017 11:15:00 AM

Earlier, the Chicago PMI was reported at 55.2. That has now been corrected to 59.4. This was above the consensus forecast.

Here is the updated report on the Chicago PMI: May Chicago Business Barometer at 59.4 vs 58.3 in April

The MNI Chicago Business Barometer increased to 59.4 in May from 58.3 in April, the highest level since November 2014.
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“May’s rise in the MNI Chicago Business Barometer provides a further boost to the business environment. Rising pressure on backlogs and delivery times accompanied with higher production levels suggests firms’ expectations of a busy summer,” said Shaily Mittal, senior economist at MNI Indicators.
emphasis added