Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
Key Points – June 2021 Report
The Chicago Business Barometer™, produced with MNI, fell to 66.1 in June, a four-month low. Through Q2,the index surged 7.9 points to 71.1, its highest quarterlyreading since Q4 1973.
Among the main five indicators, Order Backlogs saw the largest decline, with Supplier Deliveries posting the only gain.
New Orders languished markedly, dropping to a three-month low in June. However, the index jumped to 73.0 over Q2, its highest reading since Q3 1983.
Production eased slightly in Q2 to 67.9, while the monthly index slipped 10.6 points. Some firms reported lower production levels due to material shortages, whileothers noted that the shortages created new business.
Order Backlogs slowed by 14.1 points. Across Q2, the indicator saw the largest increase, rising from 60.0 in Q1 to 73.5.
Inventories declined 4.3 points, to the lowest levelsince August 2020 and the third successive reading below the 50-mark.
Over the second quarter, Inventories fell sharply, down 11.6 points to 42.1.
Employment slipped to the lowest level since January with firms noting difficulties in finding new staff. Through Q2 the index gained 1.1 points, rising to 50.1.
Supplier Deliveries rose 4.2 points to the highest levelsince March 1974 as logistical problems persisted. The index rose to 81.7 in Q2, its highest level since Q1 1974.
Prices paid at the factory gate surged to the highest level since December 1979. Companies noted higher prices due to material shortages. Across Q2, prices roseto 90.6, also a near 41-year high.
SPECIAL QUESTION
This month's special question asked, "How would youcompare the current state of your organization to ayear ago?". The majority (41.0%) reported that theirfirms are thriving and growing. The second questionasked, "Are rising prices going to have a material impacton your business thinking?". The majority (82.1%) saidtheir business decisions are impacted.
Click below for the full press release:
MNI_Chicago_Press_Release_-2021-06.pdf
For full database history and full report on the Chicago Business Barometer™, please contact:sales@marketnews.com
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.