Chicago is back in contraction

Business activity in Chicago is back in contraction. 
The MNI business barometer, also known as the purchasing manager's index, fell to 49.3 from 50.4 in the prior month where it was expected. It climbed out of contractionary territory — below 50 — in February, but has returned for the sixth time in the past year. 
A 6.6-point drop in the production component was the big reason why the overall index declined. New orders also fell below the threshold of 50 and to the lo