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Chicago Business Barometer Pulls Back More Than Expected In December

Growth in Chicago-area business activity slowed by much more than anticipated in the month of December, according to a report released by MNI Indicators on Friday.

MNI Indicators said its Chicago Business Barometer slid to 54.6 in December after jumping to a nearly two-year high of 57.6 in November.

While a reading above 50 indicates continued growth in Chicago-area business activity, economists had expected the index to show a much more modest drop to 57.0.

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