By Steve Goldstein
WASHINGTON (MarketWatch) -- A measure of Chicago-area manufacturing conditions in June edged higher, according to ISM-Chicago. The Chicago PMI increased to 52.9% from May levels of 52.7%. Economists polled by MarketWatch anticipated a reading of 53.0%. There was a sizable rebound of production, a slight deterioration in new orders and a further decline in order backlogs as well as an improvement in employment and slower supplier deliveries, the group said. Any reading above 50% indicates expansion.
