by Calculated Risk on 12/30/2019 02:58:00 PM
Monday, December 30, 2019
Earlier from the Chicago PMI: Chicago Business Barometer™ – Rose to 48.9 in December
The Chicago Business BarometerTM, produced with MNI, rose 2.6 points in December, hitting a four-month high of 48.9.CR Note: "An indicator reading above 50 shows expansion compared with a month earlier while below 50 indicates contraction." This was another month of contraction.
Business sentiment dropped by 1.2 points to 46.2 in Q4, marking the lowest quarterly reading since Q2 2009. The index was below the 50-mark for the second successive quarter.
While Employment cooled to 47.4 in December, showing the largest monthly decline, it also scored the biggest quarterly gain, up by 11.1% to 48.9.
Posted by Calculated Risk on 12/30/2019 02:58:00 PM