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MNI: Chicago Business Barometer™ Fell to 45.7 in September

MNI (London)
(MNI) Chicago

Chicago Business Barometer tumbled by 6.5 points in September, entering contractionary territory for the first time since June 2020.

The Chicago Business BarometerTM, produced with MNI, descended to a more than two-year low in September. The indicator tumbled by 6.5 points to 45.7, entering contractionary territory for the first time since June 2020.

All main indicators fell in September, with production, new orders, order backlogs, employment and supplier deliveries all weakening to Summer 2020 lows. The largest declines were recorded in employment, order backlogs and production sub-indices.

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The Chicago Business BarometerTM, produced with MNI, descended to a more than two-year low in September. The indicator tumbled by 6.5 points to 45.7, entering contractionary territory for the first time since June 2020.

All main indicators fell in September, with production, new orders, order backlogs, employment and supplier deliveries all weakening to Summer 2020 lows. The largest declines were recorded in employment, order backlogs and production sub-indices.

Keep reading...Show less