09:54 AM EST, 01/31/2025 (MT Newswires) -- The Institute for Supply Management's Chicago PMI reading rose to 39.5 in January from 36.9 in December, slightly below the expected 40.0 print in a survey compiled by Bloomberg as of 7:35 am ET.

The index indicates modest contraction, which is in line with the New York Fed, Kansas City and Richmond Fed indexes but in contrast with the Philadelphia Fed, Dallas Fed and the S&P global flash indexes that signaled expansion.

The national ISM manufacturing index will be released on Feb. 3.