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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.
US DATA
MNI CHICAGO BUSINESS BAROMETER 61.1 OCT VS 62.4 SEP
MNI CHICAGO BUSINESS BAROMETER: FOURTH CONSECUTIVE READING ABOVE 50-MARK
MNI CHICAGO: PRODUCTION SHOWED LARGEST M/M DECLINE
MNI CHICAGO: NEW ORDERS ONLY MAJOR CATEGORY TO SHOW A M/M RISE
- The Chicago Business Barometer edged lower by 1.3pt in Oct after Sep's sharp increase.
- Nevertheless, this marks the fourth consecutive reading in expansion territory after having registered below the 50-mark for a whole year.
- Among the five main indicators, New Orders (65.0) was the only category to show a small m/m uptick, while Production recorded the largest decline, slipping 5.9pt to 62.1.
- Order Backlogs dropped to 50.5, while Employment fell to 43.2, showing the sixteenth consecutive sub-50 reading.
- Employment is the only main category which registered below the 50-mark in Oct.
- Supplier Deliveries decreased 2.1pt to 65.3, showing a two-month low, while Inventories and Prices remained broadly unchanged at 47.7 and 64.6, respectively, both down only 0.1pt.
- The majority of respondents (45.8%) were unsure if working remotely could be a permanent option for their employees after the crisis, while 35.6% were not planning to make it a permanent option.
- Companies provided a mixed picture regarding the recovery with some firms noting a drop in demand, while others saw a stable level of orders and production or a gradual improvement in business activity.
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
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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