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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)
The Chicago Business BarometerTM, produced with MNI, dipped a further half-point to 45.2 in October, contracting for a second consecutive month.
- Production saw a marginal 0.6-point improvement to 45.1 in October yet remained 10 points below the 12-month average. Over one-third of respondents noted lower production compared to September.
- New Orders contracted for the fifth consecutive month, declining by a further 3.0 points to 39.2. Weak economic outlooks are dragging on demand. The indicator last fell below 40 in the initial pandemic shock of 2020.
- Order Backlogs recovered almost half of the September slide, increasing by 5.4 points to 47.3 in October.
- Employment also rose, up 5.4 points to 45.6 after recording a stark September decline. The indicator was the weakest in six months barring the September fall.
- Supplier Deliveries moderated by 0.5 points to 59.3 to near pre-pandemic levels as supply pressures continue easing.
- Inventories grew by 3.9 points to 56.9. Despite remaining high, firms are moving towards normalising levels of stock.
- Prices Paid saw a small 0.7-point uptick to 74.8 in October. This is 9.6 points below the 12-month average, implying a slower pace of trend price growth.
- The survey ran from October 1 to 17.
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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