Chicago-area business activity grew at a notably slower rate in the month of December, according to a report released by MNI Indicators on Wednesday.
MNI Indicators said its Chicago business barometer dropped to 58.3 in December from 60.8 in November, although a reading above 50 indicates continued growth. Economists had expected the barometer to drop to a reading of 60.1.
With the bigger than expected decrease, the barometer pulled back further off the one-year high set in October and hit its lowest level in five months.
The material has been provided by InstaForex Company – www.instaforex.com