The Chicago Purchasing Managers’ Business Barometer rose to a still contractionary 48.3 in April from 48.2 in March, the National Association of Purchasing Management-Chicago said yesterday.

Economists polled by IFR Markets predicted a 47.5 reading for the indicator.

The prices paid index dipped to 82.9 from 83.9. The employment index decreased to 35.3 from 44.6; and the new orders index slipped to 53.0 from 53.9.

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