Free Trial
US EURODLR OPTIONS

Put-Centric, Rate-Hike Positioning

EQUITY TECHS

E-MINI S&P (H2): Bearish Risk Remains Present

SOUTH AFRICA

Market Snapshot: ZAR on a Tear, SAGBs Bull Flatten

GBP

EURGBP test session low

US TSY OPTIONS

5Y Ratio Call Spd

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access
Sign up now for free access to this content.

Please enter your details below and select your areas of interest.

The Chicago Business Barometer fell 6.6 points to 61.8 in November, the lowest reading since February, driven by a slow-down in new orders. Inventories hit a three-year high as firms stock up in an attempt to beat shortages and long lead times.

  • Among the five main indicators, Inventories saw the largest increase, followed by Production. All other indicators dropped compared to October, with Order Backlogs seeing the largest decline.
  • Prices Paid dipped 0.5 points to 93.8, but still only just shy of October's multi-decade high with ongoing higher costs for production materials reported.
  • Production recovered slightly in November, up 3 points following three straight falls from August to October. New Orders fell back to their February level, down 9.3 points to 58.2.
  • Order Backlogs dropped 13.8 points to 60.8, 6 points below the 12-month average, as firms reported a reduction in the size of incoming orders.
  • Supplier Deliveries declined slightly, down 1.5 points, however multiple survey respondents reported November deliveries to be the slowest ever.
  • Inventories rose 8.5 points to 59.6, the highest since Fall 2018. Some firms reported stockpiling to get ahead of further supply chain disruptions and counteract logistical issues.