Chicago Manufacturing PMI at a five-month low

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Wednesday, Dec 31 2014

The Chicago Business Barometer fell 2.5 points to a five month low of 58.3 in December. Analysts were predicting smaller decrease to 60.2 points. Decline was due to Production and both ordering components expanded at the slowest pace since July.

The slowdown in the pace of activity exhibited since October’s one year high of 66.2 has been marked, although the Barometer averaged 61.8 in Q4, a little higher than the 59.1 seen in Q3. For 2014 as a whole the Barometer put in the best performance in three years, averaging 60.8 compared with 56.1 in 2013 and 54.6 in 2012.

However, USD remains broadly stronger against its major rivals. Euro is currently being traded around 1.2120 level, Sterling is few points above 1.5570 area, while Aussie is around 0.8170 level. Later today Pending Home Sales figures will be released.

More in this category: « Unemployment Claims up to 298,000 Pending Home Sales rose by 0.8% in November »

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