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The Chicago Business Barometer was revised up 0.5 point to 58.8 in December 2014 from the previously reported figure of 58.3, as a result of the annual seasonal adjustment recalculation.
The Barometer was revised up in the first and third quarters of 2014, and was revised down in both the second and fourth quarters.
The Barometer’s average for the whole year was broadly unchanged, and now stands at 60.7 compared with 60.8 previously. This was 4.6 points above the average of 56.1 for 2013.
Overall, the Barometer was revised higher in six out of the past 12 months, was revised down in five and remained unchanged in August. May saw the largest revision, with the Barometer revised down 3.6 points to 61.9 from 65.5 previously.
All series in the Chicago Report are seasonally adjusted and the seasonal adjustment factors are recalculated annually every January.
