Chicago Purchasing Managers Barometer Improves Slightly in December 2012
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December 28, 2012 - 9:59am
The market was expecting a value of 51.0 versus the reported value of 51.6. A number below 50 indicates contraction. This value is slightly better than November's 50.4 and October's 49.9.
The Chicago Purchasing Managers reported the Chicago Business Barometer was up for a third month, lumbering along since September's 3 year low. The Business Barometer was guided higher almost exclusively by a sizable advance in New Orders. In spite of the rise in the Chicago Business Barometer, five of the seven business activity indexes declined in December, most significantly the Employment Index.
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