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Chicago Business Barometer™ – Dips to 61.1 in October

MNI (London)

Key Points – October 2020 Report

The Chicago Business Barometer™, produced with MNI, eased to 61.1 in October, edging lower after a sharp increase in September. However, it still marks the fourth consecutive reading above the 50-mark after sitting below it for a year.

Among the five main indicators, New Orders was the only category to show a monthly uptick, while Production recorded the largest decline.

Demand picked up modestly in October with New Orders rising 0.2 points, its highest level since November 2018. Production saw the largest fall, falling 5.9 points. Anecdotal evidence provided mixed signals, with some firms noting a drop in demand, while others saw a stable level of orders and production or a gradual improvement in business activity.

Click below for the full press release:

MNI_Chicago_Press_Release_-2020-10.pdf

For full database history and full report on the Chicago Business Barometer™, please contact:sales@marketnews.com

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