Chicago PMI eased to lowest level in three months at 63.9 in November

"The MNI Chicago Business Barometer eased to 63.9 in November, down from 66.2 in October, to stand at the lowest level in three months," the ISM Chicago reported on Thursday.

Key highlights

Output expanded at a robust rate in November, as businesses continued to benefit from healthy domestic conditions.

Inflationary pressures at the factory gate remained elevated in November, with the Prices Paid indicator at the third-highest level this year. 

After slipping into contraction territory for only the fourth time this year in October, the Employment Indicator returned to expansion in November.

The tight labour market has meant firms have had difficulties recruiting adequately trained personnel.