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U.S. May Chicago PMI falls to 54.1%

WASHINGTON (MarketWatch) -- Business activity in the Chicago region fell to its lowest level since June 2003, according to the Chicago Purchasing Manager's index released Tuesday.
The index dropped to 54.1% in May from 65.6% in April.
Economists were expecting it to slide to about 61.1%.
Readings over 50% indicate expansions.
The production index fell to 56.0% from 68.9%, while new orders dropped to 57.9% from 71.0%.
Prices paid dropped to 54.3% from 66.1%.

10:01am 05/31/05 U.S. MAY CHICAGO PMI FALLS SHORT OF 61.1 EXPECTED



U.S. May consumer confidence rises to 102.2 vs 97.5

WASHINGTON (MarketWatch) -- U.S. consumer confidence rebounded in May after three straight monthly declines, the Conference Board said Tuesday.
The consumer confidence index rose to 102.2 in May from 97.5 in April.
Economists expected the index to fall to 95.9 from the earlier estimate of 97.7.
The present situation index rose to 116.7 from 113.8, while the expectations index rose to 92.5 from 86.7.

10:00am 05/31/05 U.S. MAY CONSUMER CONFIDENCE ABOVE CONSENSUS 95.9

10:00am 05/31/05 U.S. MAY CONSUMER CONFIDENCE RISES TO 102.2 VS 97.5

10:00am 05/31/05 U.S. MAY CHICAGO PMI 54.1 VS. 65.6 APRIL