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Chicago Business Barometer Falls in July....>

US DATA
MNI (London)
US DATA: Chicago Business Barometer Falls in July to 44.4
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The Chicago Business Barometer, produced by MNI, eased further to 44.4 in July
from 49.7 last month, the second sub-50 reading in 30 months. Four of the five
components were in contraction territory this month, with only Supplier
Deliveries above 50. The weakness in the Barometer observed in Q2 continued into
the current quarter, with the latest outturn making it the weakest start to Q3
since 2009. The Production indicator fell 22% on the month to hit a 10-year low.
Demand remained muted, highlighted by the New Orders indicator that subsided
further into contraction. The Employment indicator fell into contraction for the
first time since October 2017 and hit the lowest level since October 2009.The
survey period ran from July 1 to 17.
-MNI Chicago Business Barometer 44.4 Jul vs 49.7 Jun
-MNI Chicago: Production at 10-Year Low
-MNI Chicago: New Orders Lowest Since Dec-15
-MNI Chicago: Employment Falls Below 50; Lowest Since Oct-09
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com

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