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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, fell to 56.4 in April, reversing last month’s gain to 62.9. All main indicators decreased except for Prices Paid. with both Production and New Orders now at the lowest level since Summer 2020.
- Prices Paid ticked up a modest 0.4 points to 86.1 with over three-quarters of firms citing higher prices this month. The Ukraine war was cited as inflating steel, plastics and lumber costs. New Orders saw the largest decline, dropping 10.8 points to 51.1 to a June-2020 low, with almost half of firms seeing no increase.
- Production slumped 9.1 points to 50.9, over 10 points below the 12-month average. Firms cited key part shortages as particularly acute in April, with supply chain delays dragging on production capabilities. Order Backlogs slipped 0.9 points to 63.4 remaining persistently high
- Employment waned 2.6 points to 45.5, following the March recovery to 48.1. Highly competitive labour market conditions continued to make staff retention challenging.
• The survey ran from April 1 to 19.
MNI London Bureau | +44 203-865-3812 | les.commons@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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