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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, 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.
- Production slumped by 10.4 points to 44.5 in September, giving back all the recovery (and more) from August.
- New Orders contracted for the fourth consecutive month, slipping by 6.7 points to 42.2. Softening demand was cited.
- Order Backlogs slowed by 12.6 points to 41.9 as weak new orders saw production shift to working through remaining orders.
- Employment recorded the starkest decline in September, dropping 14.4 points to 40.2 in September and re-entering contractive territory.
- Supplier Deliveries moderated by a further 2.3 points to 59.8.
- Inventories weakened by 8.6 points to 53.0, over five points below the 12-month average. Inventories remain very high, as firms cite having overstocked previously due to supply issues.
- Prices Paid softened in September by 7.7 points to 74.1. Price Paid was the lowest since November 2020 and signals a more substantial slowing of prices charged related to an early sign of contracting demand in specific products.
- The survey ran from September 1 to 20.
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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