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Chicago business gauge declines to 63 in November
A gauge of Chicago-area businesses somewhat pulled back in November, after rising in October to the strongest level since March 2011, but still beat the consensus estimate from analysts, according to data released Wednesday. The Chicago purchasing managers index fell to 63 in November, led by new orders, production and order backlogs. Economists surveyed by MarketWatch had expected a November index reading of 59, compared with 65.9 in October. Results over 50 indicate an expansion from the prior month