Chicago PMI Misses Expectations

Chicago PMI data came in at 60.8, just below expectations.

Expectations were for the report to show manufacturing in the midwest remains strong, but slowing slightly from October, with the index expected to come in at 63.0, down from 66.2 last month.

The report comes amid what is a hectic day for economic data ahead of the Thanksgiving holiday.

More to come …

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.