NEW YORK - The December Chicago Purchasing Managers’ Business Barometer was recalculated to at 66.8, compared to the previously announced 68.6, the National Association of Purchasing Management-Chicago said Monday.
The revision is based on a reevaluation of seasonal factors. 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 72.2 from 74.0, the new orders index was revised to 68.7 from 73.6, the order backlogs index was revised to 60.1 from 64.6 and inventories was revised to 60.0 from 60.1. The employment index was revised to 58.4 from 60.2; and the supplier deliveries index was revised to 63.2, up from 64.2. The prices paid index was revised to 78.0 from 78.2.
