Economy
November 30, 2015
Chicago PMI Falls 7.5 Points
Written by Sandy Williams
The Chicago Business Barometer, or Chicago PMI as it is commonly called, fell 7.5 points in November to 48.7. A decline in new orders put the Index back into contraction for its sixth time this year.
The index, an indicator of business demand in the Chicago area, has been volatile throughout 2015 giving less credence to monthly declines or spikes. New orders fell 15.3 points to 44.1 after a reading of 54.9 in October.
