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Chicago Business Barometer™ - Surges to 55.8 in November

US DATA

The Chicago Business Barometer™, produced with MNI surged +11.8 points to 55.8 from 44.0 in October. This represents the first expansionary reading since August 2022, the highest level since May 2022, and the biggest monthly rise since September 2020.

  • Production, New Orders, Inventories, Supplier Deliveries all increased to levels above 50 while Employment moved further above 50. Inventories entered expansion for the first time since March 2023, while Order Backlogs remain in contraction.
  • New Orders rose +12.5 points, the second consecutive month-on-month rise, and is now only 0.9 points below August’s recent high.
  • Production improved +15.9 points to 62.4 – the highest level since December 2021.
  • Order backlogs jumped +7.4 points, the highest level of 2023.
  • Employment advanced +3.7 points to 53.9, the highest level since July 2022.
  • Supplier deliveries extended +9.7 points, the highest reading since February 2023.
  • Prices paid remained largely unchanged at -0.2 points to 59.9.
  • Inventories expanded by +9.9 points, as businesses scaled up for higher production.
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