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 progressed 0.8 points to 46.1 in August. The marginal move means it remains in contractionary territory for the ninth consecutive month, although is comfortably above the year-to-date average of 42.9.
THREE OF FIVE SUBCOMPONENTS IMPROVED; NEW ORDERS FOLLOWED BY PRODUCTION AND SUPPLIER DELIVERIES
New Orders, rose 2.0 points, making it comfortably above the year-to-date average of 42.0.Production grew 1.5 points to 47.9, still significantly below the high of June. The increase was largely due to more respondents reporting unchanged production rather than lower production.
Supplier Deliveries increased for the fourth consecutive month by 2.9 points, making it the highest since October 2022.
SMALL REDUCTIONS IN ORDER BACKLOGS AND EMPLOYMENT CAPPED THE UPSIDE MOVE
Meanwhile, Order Backlogs dipped for the second consecutive month by 4.1 points. This makes it the lowest since May 2024.
Employment was also lower for the second consecutive month, falling 2.4 points to 39.5.
Prices Paid jumped up by 10.2 points to 66.0, after three consecutive months of decline, taking it above the year-to-date average of 63.4.
Finally, Inventories grew 3.3 points, producing the second highest reading in 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.