(Finance) – Manufacturing activity in the Chicago area is improving. In December, the Chicago PMI came in at 44.9 points versus 37.2 points the previous month. The data also results better than analysts’ expectations which were for a more contained climb, i.e. up to 40 points.
It should be remembered that an index level above 50 points indicates an expansion while a level below 50 points indicates a contraction in the US manufacturing sector.