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.
MNI CHICAGO BUSINESS BAROMETER 63.8 JAN VS 58.7r DEC
MNI CHICAGO: PRODUCTION SHOWED LARGEST M/M INCREASE; AT 3-YEAR HIGH
MNI CHICAGO: EMPLOYMENT RECORDED BIGGEST M/M DROP
MNI CHICAGO: ORDER BACKLOGS AT 23-MONTH HIGH
The Chicago Business Barometer rose to 63.8 in Jan after a downwardly revised reading of 58.7 in Dec.
Jan's reading is the highest level since July 2018. It was a second consecutive gain and beat market expectations looking for a downtick.
Among the main five indicators, Production (71.3) saw the largest monthly gain, followed by New Orders (66.2). Employment (43.4) recorded the biggest decline.
Production rose to a 3-year high in Jan, while New Orders rose to the highest level since Nov 2018.
Order Backlogs increased to a 23-month high of 60.1, but Supplier Deliveries slipped to 69.9.
Supplier Deliveries remain elevated, however, with firms continuously noting logistical issues.
Inventories shifted above the 50-mark for the first time since May, rising to 55.1.
Prices rose for the fifth consecutive months to 75.2, the highest level since Sep 18 with many companies noting higher prices for steel.
The majority (50%) reported a mild negative impact of the recent increase in Covid-19 cases on business, while 31.8% said it had no impact on their activity.
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.