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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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Free AccessChicago Business Barometer™Adjusted Lower in Dec
MNI Chicago Business Barometer Revised To 58.7 from 59.5 in Dec
The Chicago Business Barometer, produced with MNI, was revised down to 58.7 in December from 59.5, as the result of the seasonal adjustment recalculation.
In aggregate, the Barometer was revised lower by 0.1 point in 2020. Growth was revised down in Q4, while it was 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.
In H1 the Barometer saw an upwardly revised figure of 40.9 (+0.2 point), remaining in contraction territory and showing the Covid-19 crisis had a strong impact on activity. The second half of the year was characterized by economic recovery, but the upturn of the Barometer and its main components was slightly softer than previously reported. Production saw the largest downward revision in the second half of the year, revised down 0.9 point.
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.
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.