Chicago ISM manufacturing index declines led by weaker new orders

FXStreet (London) - The ISM-Chicago business barometer index decreased to 60.8 in November, down from 66.2 in October and lower than the consensus estimate for a decline to 63 after October's one-year high.

The report highlighted a slowdown in business expansion as well as a slowing in the rate of growth in orders, factory employment and production. The biggest decline came from new orders which decreased by 11.7 points to 61.9 in November having increased sharply to a one year high in October. Overall orders remain firm and barring a sharp fall in December are likely to record firmer growth in Q4 than Q3.