US: Chicago PMI jumps to six-month high at 65.5 in July from 64.1 in June

"The MNI Chicago Business Barometer rose to a six-month high of 65.5 in June, up 1.4 points from 64.1 in June," the ISM Chicago announced on Tuesday.

Key takeaways from the official publication

• Like the headline index, both New Orders and Production recorded six-month highs in July, traditionally a busy month for firms coinciding with the summer holiday season.
• The Prices Paid indicator rose to its highest level since September 2008.
• The Employment indicator rose for the third consecutive month in July, settling at a four-month high. 
• Over half of firms were optimistic, expecting Q3 demand to usurp that of Q2.