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US DATA
MNI (London)
US DATA: MNI Chicago Business Barometer Falls Further To 38-Year Low
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- MNI CHICAGO BUSINESS BAROMETER 32.3 MAY VS 35.4 APR 
- MNI CHICAGO BUSINESS BAROMETER AT LOWEST SINCE MAR 1982 
- MNI CHICAGO: PRODUCTION AND NEW ORDERS AT LOWEST SINCE 1980 
- MNI CHICAGO: ORDER BACKLOGS PLUNGE TO LOWEST SINCE MAR 2009 
- MNI CHICAGO: SURVEY PERIOD WAS MAY 1 TO 18
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The Chicago Business Barometer fell to 32.3 in May amid the Covid-19 crisis.
Order Backlogs (26.9) saw the largest decline, falling by 10.4pt to the lowest
since Mar 2009. Production (23.7) and New Orders (21.9) eased further, remaining
at 40-year lows, while employment (37.0) edged up marginally after April's
decrease. Supplier Deliveries cooled to 74.3 but remain elevated. Several
companies experienced shutdowns due to Covid-19, leading to sharp falls in
business activity. Moreover, more than 40% of the respondents expect Covid-19 to
have an impact on business plans for more than 9 months.
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com