US: ISM Chicago PMI falls to 61.8 in November versus 67.0 expected

  • The Chicago PMI dropped to its lowest level since February in November at 61.8. 
  • The dollar came under some modest selling pressure. 

The Chicago Purchasing Managers Index (PMI) fell to 61.8 in November from 68.4 in October, data released by ISM-Chicago, Inc revealed on Tuesday. That was a bigger decline than the expected drop to 67.0 and took the Chicago PMI to its lowest level since February. 

Market Reaction

The dollar index appears to have seen some modest weakness on the data, with the DXY slipping to fresh session lows in the 95.50s in recent trade. 

Our Source

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