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Chicago Business Barometer™ - Reverses to 46.9 in December


The Chicago Business Barometer™, produced with MNI reversed -8.9 points to 46.9 from 55.8 in November. This unwinds most of the increase seen in last month’s reading, returning the Chicago Business Barometer™ back into contractionary territory, but still almost 3 points above the September and October readings

  • All the main subcomponents which feed into the headline number fell compared to November levels with Employment, Inventories and New Orders returning to contractionary territory.
  • Order Backlogs declined -13.4 points to the lowest since August 2023.
  • Production dipped -3.6 points to 58.8 points, remaining in expansion, and the second highest reading of 2023.
  • New Orders slipped -10.2 points, but remained above the 2023 average.
  • Employment dropped -8.8 points to 45.1, returning to contraction after 2 months of expansion.
  • Supplier Deliveries slowed -5.0 points but remained in expansion for the second consecutive month.
  • Inventories slumped -14.7 points to the lowest level since July 2023.
  • Prices paid, in contrast, jumped +10.1 points to 70.0, the highest level since August 2023.

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