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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 66.3 MAR VS 59.5 FEB
MNI CHICAGO: PRODUCTION SHOWED LARGEST M/M INCREASE
MNI CHICAGO: SUPPLIER DELIVERIES AT HIGHEST SINCE APR 1974
MNI CHICAGO: EMPLOYMENT AT HIGHEST SINCE AUG 2018
- The Chicago Business Barometer rose to 66.3 in Mar, stronger than expectations (BBG: 61.0) and marking the highest level since Jul 2018.
- The CBB jumped to the highest level since Q3 2018 on a quarterly basis, rising 4.4pt to 63.2 in Q1.
- Mar's uptick was driven by a sharp increase of Production (72.0), followed by Supplier Deliveries (79.9) which surged to the highest level since Apr 1974 due the ongoing supply chain disruptions.
- New Orders (62.3) gained 7.1pt, while Employment (54.6) shifted back to expansion territory for the first time since Jun 2019.
- Order Backlogs was the only major category to register a decline in Mar, down 6pt to 57.0.
- Inventories increased to 55.6, its strongest reading since Oct 2018, following Feb's decline.
- Prices rose for the seventh successive month, ticking up 5.2pt to 80.4, with firms noting higher prices for raw materials due to supply chain issues.
- Anecdotal evidence indicate severe delivery delays due to logistical issues throughout Q1, including port and transit issues.
- The majority of respondents, at 67.6%, plan to change their inventory levels due to supplier lead-times.
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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