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 -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.
Source: MNI / ISM Chicago
PRODUCTION RE-ENTERS CONTRACTIONARY TERRITORY; ORDER BACKLOGS AND SUPPLIER DELIVERIES ALSO FALL SLIGHTLY
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.
Supplier deliveries dropped slightly by -0.5 points, showing improvements in logistical plans.
NEW ORDERS AND EMPLOYMENT RISE NOTABLY; PRICES PAID AND INVENTORIES ALSO HIGHER
New orders were lifted +4.2 points to 42.2, partially reversing the significant -17.6 point fall seen in September. The rise was driven largely by a share of those seeing fewer new orders switching to an unchanged pipeline (offsetting a slight decline in those reporting increased new orders).
Employment climbed +5.7 points to 50.2, the first increase into expansionary territory since April 2023. This was driven by increases in employment by some respondents to address holiday-season expectations and falls for those affected by labor unrest.
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.
The survey ran from 1 October to 16 October
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.