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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.
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Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessMNI EUROPEAN MARKETS ANALYSIS: ECB Expected To Cut Rates Later
MNI EUROPEAN OPEN: A$ & Local Yields Surge Following Jobs Data
**MNI 5 THINGS: Chicago PMI Eases in '18 After Strong End '17
**LONDON (MNI) - The following are the key points from the February MNI
Chicago Business Barometer:
- The MNI Chicago Business Barometer fell 3.8 points to 61.9 in February, a
six-month low, extending the 2.1 point drop recorded last month. Although this
is the first time the Barometer has recorded two consecutive monthly declines in
just over a year, it has now stood above the 60-mark for six straight months,
remaining in expansion mode for twenty four consecutive months.
- The pace of incoming orders and output eased again in February. Firms
reported large promotions at the back-end of last year, a seasonal demand dip
and bad weather this month as reasons why activity slowed. New Orders and
Production fell to respective six and five-month lows in February, although
remained elevated against the backdrop of the last few years.
- Based on the non-seasonally adjusted survey data, 38.5% of respondents
said they encountered higher input prices this month, down from the
six-and-a-half year high of 48.1% last month. Steel, wood, foam and alloys were
among the materials to have impacted firms in February.
- Looking forward, the majority, and exactly half, of firms surveyed felt
their business activity will be challenged over the forthcoming year by the
price of key inputs. Just 6% saw input prices aiding their business while the
remaining 44% felt they would have next to no impact.
- Order Backlogs continued the descent towards more familiar territory in
February, falling 3.1 points to hit the lowest level in just 2 months shy of a
year. Unfulfilled orders peaked early in the final quarter of 2017, as increased
demand and adverse logistical conditions made satisfying orders challenging, and
have been trending lower since.
--MNI London Bureau; tel: +44 203-586-2225; email: les.commons@marketnews.com
[TOPICS: MAUDR$,MAUDS$,M$U$$$]
To read the full story
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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.