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Chicago Business Barometer™ - Steady at 44.0 in October

US DATA

The Chicago Business Barometer™, produced with MNI fell -0.1 points to 44.0 from 44.1 in September. It remains below the 48.7 level seen in August but broadly in line with the 2023 average of 44.2.

  • Production was the largest downside driver, while supplier deliveries and order backlogs also contributed. New orders and employment both moved up fairly notably.
  • New orders were lifted +4.2 points, partially reversing the significant -17.6 point fall seen in September.
  • Production decreased -4.6 points to 46.5, entering contractionary territory once again after two months of expansion in August and September.
  • Order backlogs were -0.3 points lower.
  • Employment climbed +5.7 points to 50.2, the first growth into expansionary territory since April 2023.
  • Supplier deliveries dropped slightly by -0.5 points, showing improvements in logistical plans.
  • Prices paid increased +0.6 points to 60.1 and remains below levels seen for the majority of the last three calendar years.
  • Inventories gained +0.6 points, the third consecutive monthly increase.


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