Chicago Manufacturing Growth Cools in December After Brief Rebound
- Chicago Business Barometer fell 8.9 points to 46.9 in December, indicating contraction
- Index had jumped to 55.8 in November, highest level in 17 months
- Before November surge, index was in contraction territory since August 2022
- Chicago PMI produced by ISM-Chicago with MNI, released before national ISM data
- Regional Fed surveys show modest weakening outlook for manufacturing in December
