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 – October 2021 Report
The Chicago Business Barometer™, produced with MNI, rose to 68.4 in October, picking up after two consecutive months of decline. Among the main five indicators, four were higher, led by Order backlogs and Employment. Only Production fell across the month.
After the sharp September fall, Order Backlogs recovered more than half the loss, picking up 13.5 points index points
New Orders advanced 3.1 points, recovering from September's 6-month low. Some businesses said raw material shortages and a low supply of critical components like semiconductors at suppliers was impacting opportunities.
Prices Paid rose by 3.6 points in October to a 42-year high, with many companies saying prices continued to be an issue.
Production was the only component to fall in October, dropping 2.2 to the lowest reading since August 2020.
Employment increased again, up for a fourth straight month, rising 4.2 points to stand at the highest in just over three years.
SPECIAL QUESTION
This month's special question asked, firms what they anticipated "will be the greatest challenge for your business in Q4?" The majority (52.8%) said logistics. The second question asked simply, "Are you considering new hires in 2022?" The vast majority (72.2%) said they were looking to recruit, with just 11.1% saying no. The balance, 16.7%, were unsure of how they would stand on hiring next year.
Click below for the full press release:
MNI_Chicago_Press_Release_-2021_10.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.