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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) LONDON
MNI CHICAGO BUSINESS BAROMETER 58.2 NOV VS 61.1 OCT
MNI CHICAGO BUSINESS BAROMETER: 5TH CONSECUTIVE READING ABOVE 50-MARK
MNI CHICAGO: NEW ORDERS SHOWED LARGEST M/M DECLINE
MNI CHICAGO: SUPPLIER DELIVERIES ABOVE 70 FOR THE FIRST TIME SINCE MAY
- The Chicago Business Barometer slipped to 58.2 in Nov, hitting the lowest level since Aug.
- Nevertheless, this marks the fifth consecutive reading in expansion territory after having registered below the 50-mark for a whole year.
- Among the five main indicators, New Orders (60.0) and Production (60.8) were the only categories to show a m/m decline, while Supplier Deliveries recorded the largest gain, rising 65.3 to 70.3.
- Order Backlogs ticked up to 51.4, while Employment gained 0.8pt to 44.0, showing the seventeenth consecutive sub-50 reading.
- Employment is the only main category which registered below the 50-mark in Nov.
- Supplier Deliveries jumped to 70.3, showing the highest level since May with firms noting delivery delays and capacity issues in the logistics and transportation sector.
- Inventories eased to 45.7, while Prices surged 9.8pt to 74.4, hitting a two-year high.
- The majority of respondents (55.4%) reported no change in productivity during the current crisis.
- When asked about the effect of the election outcome on their forecasts, the majority (73.2%) noted that the outcome does not influence their forecasts.
- Anecdotal evidence suggested stagnation of activity with firms noting that client demand is not growing.
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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