Free Trial

MNI Chicago Business Barometer™ - Edges Up to 41.5 in June

US DATA

The Chicago Business BarometerTM, produced with MNI, ticked up by 1.1 points to 41.5 in June, largely due to a less-stark contraction in Production. The barometer remains firmly sub-50, signaling ten consecutive months of contractionary business activity in June.

  • Production improved by +3.0 points to 42.6 in June, having experienced a tumultuous few months and a marked 8.3 point May decline.
  • Prices Paid decelerated by -7.4 points to 53.5, the lowest since April 2020.
  • Employment slipped -2.9 points in June, weakening to 45.6. Barring an April uptick, the Employment indicator has been contractive since September 2022.
  • The New Orders index was broadly unchanged, softening by -0.1 points to the lowest since November 2022.
  • Order Backlogs gained +2.7 points.
  • Supplier Deliveries dipped by -3.3 points to the lowest since March 2016.
  • Inventories declined by -6.1 points in June to the lowest reading since August 2020.

To read the full story

Close

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.