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Chicago PMI at the lowest level since July 2009

Thursday, Dec 31 2015
The Chicago Business Barometer contracted at the fastest pace since July 2009, falling 5.8 points to 42.9 in December from 48.7 in November. Analysts were predicting increase to 50.5. It has been a volatile year for the Barometer. 
 
New Orders and Production have experienced particularly large swings with businesses never recovering fully from a sharp plunge at the beginning of the year. The Barometer’s December print is 16.5 points beneath the January high of 59.4. The quarterly average declined to 49.3 in Q4, the same as in Q2 which was the weakest quarter since Q3 2009.
 
Euro is currently being traded few points above 1.0880 level, Sterling is around 1.4830 handle, while Aussie is above 0.7310 area. 
More in this category: « Unemployment Claims rose to 287,000 Official China's Manufacturing PMI slightly up in December »

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