The MNI Chicago Business Barometer surged to 62.7 in May, far exceeding the 50.3 estimate and rebounding sharply from April's 49.2 contraction reading.

The MNI Chicago Business Barometer surged to 62.7 in May, far exceeding the 50.3 estimate and rebounding sharply from April's 49.2 contraction reading.

The May Chicago PMI surged to 62.7, far exceeding the 50.3 estimate and rebounding sharply from April's 49.2 contraction in one of the largest monthly gains on record.