UPDATED:
12/29/2011 10:50:00 AM
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An index of manufacturing activity in the Chicago area dipped in December but showed continued expansion, the Institute for Supply Management-Chicago said Thursday.
The group’s business index slipped to a reading of 62.5, from 62.6 in November. Readings over 50 signal expansion.
Economists had forecast the gauge would drop to 61, Bloomberg reported.
Chicago is a major center of U.S. manufacturing, which is one of trucking’s largest and most important customers.
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