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    Economy

    Chicago PMI Slips in January

    Written by Sandy Williams


    The Chicago PMI slipped 1.2 points to 59.6 in January from a revised 60.8 in December. The index, formally known as the Chicago Business Barometer, fell for the third consecutive month but was still firmly above the 50.0 mark that indicates expansion.

    Employment weakened in January to a reading of 49.2, slipping into contraction for the first time in nine months and the second consecutive monthly decline.

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