ISM Chicago PMI advances to 11-month high at 66.4 vs 58 expected

"The MNI Chicago Business Barometer surged to an 11-month high of 66.4 in November, up 8.0 points from October’s 58.4," the Chicago PMI reported on Friday.

Key takeaways from the press release

  • Business activity recorded its most impressive performance so far this year in November, ending a three-month run of declines. 
  • November saw New Orders jump to the highest level since May 2014.
  • Firms reported labor struggles continuing to restrain the ability to tackle backlogs over what is considered the busiest time of the year for many firms.
  • The Employment indicator strengthened further in November, hitting a three-month high and moving further clear of the neutral-50 mark. 
  • Prices Paid, despite moderating in November, remained locked in a historically high range. 

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.