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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 59.5 FEB VS 63.8 JAN
MNI CHICAGO: NEW ORDERS SHOWED LARGEST M/M DECLINE
MNI CHICAGO: EMPLOYMENT AT HIGHEST SINCE OCT 2019
MNI CHICAGO: ORDER BACKLOGS AT 3.5-YEAR HIGH
- The Chicago Business Barometer slipped to 59.5 in Feb, weaker than expectations (BBG: 61.0)
- The downtick comes after a sharp increase in the previous month, when the index rose to a 2.5-year high.
- Among the main five indicators, New Orders (55.2) saw the largest monthly decline, followed by Production (62.0), while Employment (49.1) recorded the biggest gain.
- Despite the uptick to the highest level since Oct 2019, Employment has been in contraction territory since Jul 2019.
- Order Backlogs increased to a 3.5-year high of 63.0, while Supplier Deliveries ticked up to 71.5, showing the highest level since May.
- Supplier Deliveries remain elevated with firms noting severe logistical issues .
- Inventories declined to 50.4 in Feb, following Jan's sharp increase with anecdotal evidence suggesting that supply chain disruption led to higher inventory levels.
- Prices edged marginally higher to 75.3, showing a 29-month high, with firms continuously noting higher prices for raw materials.
- The majority, at 41.7%, increased their safety stocks, while 22.9% of respondents either implemented new technology or diversified suppliers in order to deal with the disruptions in the past year.
MNI London Bureau | +44 203-865-3814 | irene.prihoda@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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