Economy
December 1, 2016
Chicago Business Barometer Leaps 7 Points in November
Written by Sandy Williams
The November Chicago Business Barometer, or Chicago PMI as it is also known, leapt 7 points from October to register 57.6. The reading was the highest since January 2015 with four of the five components of the index showing improvement. On a three month moving average the index increased two points to 54.1.
New orders increased by 10.7 points along with production which rebounded from its fall in October. Order backlogs moved out of its three month contraction and supplier deliveries increased. Despite the gains in orders and output, employment levels fell back into contraction.
