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- PMI 50.4 vs 50.5 consensus, 49.9 previous
- New Orders 45.3 vs 50.6 previous
- Prices Paid 70.1 vs 50.6 previous, highest since March
- New orders lowest since June 2009
- Employment Index 55.2 vs 50.3 previous

The Chicago Purchasing Managers reported November's Chicago Business Barometer improved to 50.4. After two consecutive months in contraction, the Business Barometer was led higher by advances in Production, Employment, and Supplier Deliveries while New Orders subtracted from economic activity.

BUSINESS ACTIVITY:
• PRICES PAID: 16 month high; EMPLOYMENT continues on pace with PRODUCTION;
  
• NEW ORDERS: lowest since June 2009;
• INVENTORIES: lowest since February 2010.

More from MND:

• MBS Commentary: MBS RECAP: Technically an Early Close, but Buyers Never Showed Up
• Mortgage Rate Watch: Mortgage Rates Hold Steady Ahead of 3-Day Weekend
• MBS Commentary: MBS MID-DAY: Negative Reprices in the AM: Breakfast of Champions
• MND NewsWire: Delinquency Rate Hits Post Housing Crisis Low for Freddie Mac
• Pipeline Press: Government Furlough Days; H.R. 1077's Impact on QM And 3% Limit; MBA on GSE risk sharing

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