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MNI BRIEF: Chicago Business Barometer™ - Up to 46.1 in Aug

Chicago Business Barometer edges higher, but still in contractionary territory.

MNI (LONDON) - The Chicago Business Barometer™, produced with MNI, rose 0.8 points to 46.1 in August, with the index still firmly in contractionary territory for the ninth consecutive month, although is comfortably above the year-to-date average of 42.9.

The marginal rise was due to three of the five subcomponents improving. The marginal upward movement was driven by New Orders, followed by Production and Supplier Deliveries. Whilst small reductions in Order Backlogs and Employment capped the upside move.

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MNI (LONDON) - The Chicago Business Barometer™, produced with MNI, rose 0.8 points to 46.1 in August, with the index still firmly in contractionary territory for the ninth consecutive month, although is comfortably above the year-to-date average of 42.9.

The marginal rise was due to three of the five subcomponents improving. The marginal upward movement was driven by New Orders, followed by Production and Supplier Deliveries. Whilst small reductions in Order Backlogs and Employment capped the upside move.

Keep reading...Show less