The Chicago Purchasing Managers' Business Barometer annual revisions moved December's reading to 60.8 in from the 59.1 initially reported, the National Association of Purchasing Management-Chicago said Thursday.
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The data is compiled on a seasonally adjusted basis. An index reading below 50 signals a slowing economy, while a level above 50 suggests expansion.
The production index was revised to 60.2 from 57.9, the new orders index was revised to 63.3 from 60.7, the order backlogs was revised to 58.2 from 58.3 and inventories was revised to 44.8 from 43.9. The employment index was revised to 54.3 from 51.6 and the supplier deliveries index was revised to 59.7 from 61.6. The prices paid index was revised to 61.6 from 63.3.
