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, fell back -4.6 points to 44.1 from 48.7 in August, partially reversing the rebound seen in last month’s data.
Source: MNI / ISM Chicago
NEW ORDERS, PRODUCTION AND PRICES PAID ALL FALL WITH NEW ORDERS ONLY LOWER ONCE SINCE JUNE 2020
New Orders dropped -17.6 points. This was the sixth biggest decline since the series began in 1967, and the largest since April 2020. We have also only seen one reading lower than this since June 2020.
Production fell -6.0 points to 51.1, just about remaining in expansive territory and reversing half of the increase seen in August.
Employment fell -3.8 points to 44.5.
Prices Paid more than reversed last month’s large increase, falling -14.5 points to 59.5. With the exception of June 2023, this is the lowest Prices Paid reading since August 2020.
ORDER BACKLOGS, SUPPLIER DELIVERIES AND INVENTORIES ALL RISE
Order Backlogs increased +10.5 points to its highest level since April 2023.
Supplier Deliveries improved +2.6 points.
Inventories marginally increased by +0.2 points.
The survey ran from September 1 to September 18.
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.