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.
The Chicago Business Barometer™, produced with MNI increased 2.6 points to 39.5 in January. This is the first increase after three consecutive months of decline, though the index remains below both the level of November 2024 and the 2024 average.
RISE DRIVEN BY NEW ORDERS AND PRODUCTION
New Orders rebounded 13.8 points, more than reversing last month’s decline. This leaves it the highest since September 2024 and above the 2024 average.
Production expanded 4.0 points, to a similar level to that seen in November.
DECLINE IN SUPPLIER DELIVERIES, EMPLOYMENT AND ORDER BACKLOGS
Supplier Deliveries more than reversed last month’s gains falling 13.5 points. The index reached its lowest level since August 2023 and saw its largest monthly fall since February 2008.
Employment dropped 9.0 points, to the lowest level recorded since June 2020. Two-thirds of respondents reported unchanged employment whilst nearly 30% reported lower levels of employment.
Order Backlogs edged down 0.8 points.
Inventories expanded 14.9 points, returning to expansionary levels for the first time since November 2023. This is after four consecutive months of decline.
Prices Paid eased 2.7 points, this is the fourth successive fall and the lowest level since July 2024.
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.