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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 72.1 APR VS 66.3 MAR
MNI CHICAGO BUSINESS BAROMETER AT HIGHEST SINCE DEC 1983
MNI CHICAGO: ORDER BACKLOGS SHOWED LARGEST M/M INCREASE IN APR
MNI CHICAGO: ORDER BACKLOGS AT HIGHEST SINCE DEC 1973
MNI CHICAGO: PRICES PAID AT HIGHEST SINCE FEB 1980
- The Chicago Business Barometer jumped to 72.1 in Apr, surpassing expectations (BBG: 64.5) and marking the highest level since Dec 1983.
- Apr's uptick was driven by a sharp increase of Order Backlogs (73.2), rising to the highest level since Dec 1973 and the eighth reading above the 50-mark in a row.
- Meanwhile, New Orders rose to an 83-month high of 72.2 in Apr and Employment ticked up to 56.4, its highest reading since Aug 2018.
- While Production edged up slightly to 72.9, Supplier Deliveries fell to 76.4, however, the index remains elevated by historical standards, reflecting current supply chain constraints.
- Anecdotal evidence suggests an increase in business activity partly because firms are overbuying due to raw material shortages.
- Prices surged to the highest level since Feb 1980 at 91.5, driven by raw material shortages and logistical problems.
- The majority of respondents, at 54.8%, plans to expand their work force, either with permanent (16.7%) or temporary (14.3%) workers, or both (23.8%).
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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