Chicago December PMI Reading Revised Lower

Employment revised higher, prices paid lower.

The National Association of Purchasing Management Chicago came out with the recalculation of its December PMI index, lowering the reading to 51.6 on a seasonally adjusted basis, from 52.4.

The November index was revised higher to 51.2 from 49.9. At the time, the sub-50 reading on the index was the first in more than three years.

The rest of the revisions offered up mixed news for manufacturers. The employment index was revised upward, to 48.2 from 45.8, and the prices paid component was cut to 56.9 from 60.2. On the downside, the production index in December was lowered to 49.7, from 56.2.

The NAPM Chicago revises its data on an annual basis.

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