Free Trial

(M2) Trend Condition Remains Bearish


Stagflation Worry Drives Futures Flatter

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access
MNI (London)
     LONDON (MNI) - The MNI Chicago Business Barometer increased by 1.6 points
to 54.2 in May from 52.6 in April. Despite the pick-up in sentiment, the survey
points to softness in business activity, as indicated by the three-month average
slipping to a two-year low.
     The following are the key points from the May MNI Chicago Business
     - The rise in business confidence was led by Production and New Orders. New
Orders increased for the first time in three months, but the increase was not
large enough to offset last month's fall. Production picked-up to match its
three-month average but was significantly below its 12-month average.
     - Order Backlogs slipped into contraction again, the second such instance
this year. Backlogs against other sub-components have contracted the most over
the past year, giving further evidence of lukewarm demand.
     - Weaker demand for labor continued in the wake of slower growth in demand
and production seen since the turn of the year, despite this month's positive
outturn. Employment was below both its three-month and 12-month averages and at
the lowest level since October 2017.
--MNI London Bureau; tel: +44 203-586-2225; email:
--MNI London Bureau; +44 0203 865 3814; email:
--MNI London Bureau; +44-203-865-3820; email:
MNI London Bureau | +44 203-865-3812 |
MNI London Bureau | +44 203-865-3812 |

To read the full story

Why Subscribe to

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.