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Chicago PMI indicates increased weakness of the economy
The Chicago Purchasing Managers reported the CHICAGO BUSINESS BAROMETER indicated increased weakness of the USA economy in December:
BUSINESS ACTIVITY:
PRICES PAID index decline reached the greatest breadth in almost 60 years;
PRODUCTION decline sustained;
EMPLOYMENT continued year-long decline;
ORDER BACKLOGS index reached a 28 year low;
BUYING POLICY: moderated.
Posted: December 30, 2008 Tuesday 10:01 AM