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Chicago Business Barometer™ - Surges to 55.8 in November

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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.

Source: MNI / ISM Chicago

PRODUCTION RE-ENTERS EXPANSIONARY TERRITORY; ORDER BACKLOGS AND SUPPLIER DELIVERIES ALSO RISE

Production improved +15.9 points to 62.4 – the highest level since December 2021, and re-enters expansion after last months contraction.

Order backlogs rose +7.4 points higher.

Supplier deliveries extended +9.7 points.

NEW ORDERS, INVENTORIES AND EMPLOYMENT RISE NOTABLY; PRICES PAID FALLS SLIGHTLY

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. The change was driven by an increase in demand by respondents.

Employment advanced +3.7 points to 53.9, the highest level since July 2022.

Prices paid remained largely unchanged at -0.2 points to 59.9 and remains below levels seen for the majority of the last three calendar years.

Inventories expanded by +9.9 points, as businesses scaled up for higher production.

The survey ran from 1 November to 13 November

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