(Finance) – Manufacturing activity in the Chicago area worsens significantly.
In December, theChicago PMI index it stood at 46.9 points against 55.8 points in the previous month. The figure is also worse than analysts’ estimates, which were for a drop of up to 51 points.
Please remember that an index level above 50 points denotes an expansion while a level below 50 points indicates an contraction of the manufacturing sector American.