Chicago PMI slows to 29-month low in April

WASHINGTON (MarketWatch)
Chicago PMI dropped in April to 56.2% from 63.3% in March to reach a 29-month low, as gauges for production and new orders slowed dramatically, ISM-Chicago said Monday
Though still well over the 50% mark denoting expansion and contraction, economists polled by MarketWatch expected a 60.8% reading
The national Institute for Supply Manufacturing report is due for release Tuesday