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Chicago Business Barometer revised up to 45.1

MNI
  • The Chicago Business BarometerTM, produced with MNI, was revised up to 45.1 in December from 44.9, as a result of the annual seasonal adjustment recalculation.
  • Growth in the first half of the year was softer than previously estimated while the second half of the year was not as weak as previously assessed. Including the headline Barometer index, 8 out of 11 activity metrics in the survey were revised lower in H1-2022.
  • May saw the largest downward revision, with the Barometer revised lower by 1.8 points to 58.5 from its initial estimate of 60.3, while February recorded the biggest upward revision of +2.4 points to 58.7.
For the full press release see here:

MNI Chicago Revised Numbers - 12-2022.pdf

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