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Economy in Chicago region cools in July but still running hot, PMI shows

The economy in the Chicago region grew rapidly in July but cooled a bit from earlier in the summer, indicating that businesses are still confident despite political drama in Washington.
The Chicago business barometer, or Chicago PMI, slipped to 58.9 in July from a three-year high of 65.7 in June, MNI Indicators said Monday. The decline broke a string of five straight increases.

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