The Chicago PMI dropped in November to a reading of 60.8 from 66.2 in October, MNI Indicators reported Wednesday. A slower expansion was led by a sharp, 11.7-point fall in new orders, MNI said. The employment gauge fell to a reading of 54.4 from 60.2 in October. Any reading above 50 indicates expansion.
Copyright © 2014 MarketWatch, Inc.
Continue Reading Below