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, dropped 5.0 points to 41.6 in October after edging up for two consecutive months, making the barometer the lowest since May 2024, and 1.6 points below the year-to-date average.
FOUR OUT OF FIVE SUBCOMPONENTS FELL
The decline was due to four out of the five subcomponents falling (Production, New Orders, Order Backlogs and Employment), with only Supplier Deliveries rising in October.
Production fell 7.8 points to a level significantly below the year-to-date average of 44.8 and the lowest reading since April 2024.
New Orders dipped 4.6 points, to the lowest level since May 2024.
Order Backlogs more than reversed last month’s rise, reducing 8.5 points, also the lowest since May 2024.
Employment decreased 5.5 points, taking it below the year-to-date average of 41.9 and a little below August’s 39.5.
WHILST SUPPLIER DELIVERIES ROSE
Supplier Deliveries extended 6.2 points for the highest level since September 2022.
Prices Paid softened 7.0 points, after reaching the highest level since August 2023 in September.
Inventories fell for the second consecutive month by 2.9 points.
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.