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MNI (London)
     LONDON (MNI) - The Chicago Business Barometer, produced by MNI, eased
further to 44.4 in July from 49.7 last month, the second sub-50 reading in 30
months.
     The following are the key points from the July MNI Chicago Report:
     - The weakness in the Barometer observed in Q2 continued into the current
quarter, with the latest outturn making it the weakest start to Q3 since the
financial crisis.
     - The Production indicator fell 22% on the month to hit a 10-year low.
Demand remained muted, highlighted by the New Orders indicator that subsided
further into contraction.
     - Weaker demand and production led firms to shrink their workforce. The
Employment indicator nosedived into contraction for the first time since October
2017, hitting the lowest level since October 2009.
--MNI London Bureau; tel: +44 203-586-2225; email: les.commons@marketnews.com
--MNI London Bureau; tel: +44 203-586-2224; email: shaily.mittal@mni-indicators.com
--MNI London Bureau; +44 0203 865 3814; email: irene.prihoda@marketnews.com
[TOPICS: MAUDS$,M$U$$$,MT$$$$]
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com

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