FXstreet.com (Barcelona) - Economic activity in the Chicago area has failed to grow in January for its fourth consecutive month, according to data released by Kingsbury International.

In January, Chicago Purchasing Managers' Index has dropped to 33.3 from 35.1 in December, falling further from the 50 level which divides expansion from contraction levels.

The downward trend does not seem to be about to change soon, as new orders index dropped to 30.7 in January from 31.5 in December. The employment index has declined to 34.8 in January from 39.2 in December, while the prices paid index rose to 39.8 in Jan from 32.7 in Dec.