Sergio Lora / Flickr 2015 ends on a low note in the midwest. The Chicago purchasing manager index (PMI) unexpectedly plunged to 42.9 in December, which is the lowest reading since July 2009. Any reading below 50 signals a contraction in business activity. This was down from 48.7 in November and much worse than the 50.0 expected by economists. “The steepness of the decline in the Barometer in recent months ends a particularly volatile year, which has seen orders and output move in and out of co...
Sergio Lora / Flickr 2015 ends on a low note in the midwest. The Chicago purchasing manager index (PMI) unexpectedly plunged to 42.9 in December, which is the lowest reading since July 2009. Any reading below 50 signals a contraction in business activity. This was down from 48.7 in November and much worse than the 50.0 expected by economists. “The steepness of the decline in the Barometer in recent months ends a particularly volatile year, which has seen orders and output move in and out of co...
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