Investing.com – Manufacturing activity in the Chicago area fell less-than-expected in December, industry data showed on Thursday.
In a report, market research group Kingsbury International said its Chicago purchasing managers’ index dipped by 0.1 points to a seasonally adjusted 62.5 in December from a reading of 62.6 in November, which was the highest since April.
Analysts had expected the index to decline by 1.8 points to 60.8 in December.
On the index, a reading above 50.0 indicates expansion, below indicates contraction.
Following the release of the data, the U.S. dollar pared gains against the euro, with EUR/USD shedding 0.2% to trade at 1.2914.
Meanwhile, U.S. equity markets were mixed after the open. The Dow Jones Industrial Average added 0.55%, the S&P 500 index advanced 0.45%, while the Nasdaq Composite index eased down 0.1%.
In a report, market research group Kingsbury International said its Chicago purchasing managers’ index dipped by 0.1 points to a seasonally adjusted 62.5 in December from a reading of 62.6 in November, which was the highest since April.
Analysts had expected the index to decline by 1.8 points to 60.8 in December.
On the index, a reading above 50.0 indicates expansion, below indicates contraction.
Following the release of the data, the U.S. dollar pared gains against the euro, with EUR/USD shedding 0.2% to trade at 1.2914.
Meanwhile, U.S. equity markets were mixed after the open. The Dow Jones Industrial Average added 0.55%, the S&P 500 index advanced 0.45%, while the Nasdaq Composite index eased down 0.1%.