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MNI Chicago Business Barometer Adjusted Lower in Dec

MNI (London)

MNI Chicago Business Barometer Revised To 58.7 from 59.5 in Dec

  • The Chicago Business Barometer was revised down 0.9 points in December as the result of the seasonal adjustment recalculation, while in aggregate, the Barometer was revised lower by 0.1 point to 48.9 in 2020.
  • Growth was revised down in Q4, but revised up in Q2. In Q1 and Q3 the Barometer was unchanged.
  • July saw the largest upward revision, with the Barometer revised up 1.1 points to 53.0 from its initial estimate of 51.9, while October recorded the biggest downward revision, lower by 1.0 point to 60.1.
  • Overall, 2020 data from the Chicago survey saw minor revisions.
  • However, the strong impact of the pandemic on activity along with uncertainty about the path of economic recovery and its final influence on the trend component may lead to stronger revisions in the future.

MNI London Bureau | +44 203-865-3814 |
MNI London Bureau | +44 203-865-3814 |

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