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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 75.2 MAY VS 72.1 APR
MNI CHICAGO BUSINESS BAROMETER AT HIGHEST SINCE NOV 1973
MNI CHICAGO: NEW ORDERS SHOWED LARGEST M/M INCREASE IN MAY
MNI CHICAGO: ORDER BACKLOGS AT HIGHEST SINCE FEB 1951
MNI CHICAGO: SUPPLIER DELIVERIES AT HIGHEST SINCE MAR 1974
- The Chicago Business Barometer rose to 75.2 in May, outpacing market expectations of a decline to 69.0
- This is the highest level since Nov 1973 and the third consecutive increase.
- May's increase was led by a sharp rise of New Orders (80.0) to the strongest reading since Dec 1983 and Order Backlogs (80.7) which surged to a 70-year high.
- Supplier Deliveries (82.3) surpassed Mar's recent peak during the current crisis and increased to its highest level since Mar 1974.
- Meanwhile, Employment (49.8) slipped back to contraction territory and Production (70.6) eased in May.
- Companies continuously reported supply chain disruptions, including transportation issues and raw material shortages, which led to longer lead times, higher prices and production constraints.
- Factory gate prices eased slightly in May, but remain at an elevated level of 88.4.
- The majority (66.7%) is looking for ways to mitigate the risks of logistics and component shortages and 51.3% are passing on higher costs to customers.
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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