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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 73.4 JUL VS 66.1 JUN
MNI CHICAGO BUSINESS BAROMETER AT TWO-MONTH HIGH
MNI CHICAGO: PRODUCTION SHOWED LARGEST M/M INCREASE IN JUL
MNI CHICAGO: SUPPLIER DELIVERIES AT HIGHEST SINCE MAR 1974
- The Chicago Business Barometer jumped to 73.4 in Jul, coming in stronger than markets expected (BBG: 63.0).
- The index now stands at a two-month high and shows the second highest pandemic-era reading.
- Jul's uptick was led by a sharp increase of Production (68.8), followed by New Orders (72.2), Order Backlogs (70.0) and Employment (47.5).
- Supplier Deliveries were unchanged in Jul at 86.5, still showing the highest level since Mar 1974.
- Anecdotal evidence showed that firms planned to hire new employees, but staff availability remains subdued.
- Factory gate prices eased slightly in Jul to 91.6, although firms noted higher prices for materials and freight.
- Inventories rose to 42.6 in July, but remained in contraction since April.
- The majority (48.8%) of respondents expect business activity growth to be between 5% and 10% in the second half of the 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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