Chicago PMI declines to 48.7

Chicago PMI: Nov Chicago Business Barometer Down 7.5 Points To 48.7 The Chicago Business Barometer decreased 7.5 points to 48.7 in November from 56.2 in October, as a sharp fall in New Orders put it back into contraction for the sixth time this year. The significant decline in the Barometer is indicative of the see-saw pattern of demand seen in 2015, with output and orders shifting in and out of contraction. The November fall also suggests that activity over the final quarter of the year may well decelerate barring a bounceback in December. New Orders fell 15.3 points to 44.1 in November from ......(read more)

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