Investing
Chicago PMI Beats Expectations on Sharp Rise in New Orders
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The weakest part of this month’s reading was the employment index, which came in at a seasonally adjusted rate of 45.9, down from 55.2 last month, and a three-year low. On the plus side, new orders rose to a 19-month high of 54, sharply higher than the 45.3 reading in November.
The production index fell from 54.7 in November to 53.8 in December, while the prices paid index contracted sharply, from 70.1 in November to 61.7.
Among the ISM panel’s comments:
The Chicago PMI report is available here.
Paul Ausick
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