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    Economy

    Chicago Business Barometer Takes Unexpected Plunge

    Written by Sandy Williams


    The Chicago Business Barometer (or Chicago PMI) fell at its fastest rate since 2009, down 5.8 points to 42.9 in December. The drop took analysts by surprise who were projecting a reading in the 48 to 50 range.

    MNI Indicators notes that the December reading is 16.5 points below the January 2015 high of 59.4.

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