Chicago PMI Lev­els Off, Out­put Hits 11-Month High

The Bond Buyer - - Market News - — Mar­ket News In­ter­na­tional

The MNI Chicago Busi­ness Barom­e­ter eased to 65.4 in De­cem­ber, down 1.0 point from Novem­ber’s 66.4, the lat­est sur­vey showed Fri­day.

Three out of the five Barom­e­ter sub-com­po­nents lost ground on the month, but solid gains in Pro­duc­tion and Or­der Back­logs helped the head­line in­dex main­tain most of Novem­ber’s eight-point rise.

Record­ing just the fourth year-over-year fall this year, the Barom­e­ter con­tin­ues to sig­nal a healthy busi­ness en­vi­ron­ment, with the 34th con­sec­u­tive read­ing above the neu­tral-50 mark.

Over Q4 as a whole, the head­line in­dex av­er­aged 63.4, the best cal­en­dar quar­ter out­turn this year.

Con­tribut­ing to De­cem­ber’s mod­er­a­tion was a de­cline in de­mand, eas­ing some­what af­ter surg­ing last month.

Newspapers in English

Newspapers from USA

© PressReader. All rights reserved.