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MNI DATA IMPACT: U.S. Chicago Biz Barometer Cools in June

MNI (London)
     LONDON (MNI) - The MNI Chicago Business Barometer decreased by 4.5 points
to 49.7 in June from 54.2 in May, marking the first sub-50 reading since January
2017. The following are the key points from the June release:
     - As anticipated, business confidence dipped significantly in Q2, with the
Barometer averaging 52.2, down 13% on the previous quarter and almost 16% lower
than the Q2 2018 reading.
     - Four of the five components declined this month, with only Employment
posting an increase. Demand eased for a fourth month this year, helping push the
indicator into the contraction territory for the first time since January 2017.
Amid weak demand, firms also slowed production levels. The Production indicator
fell 15.5% on the quarter to hit a three-year low.
     - Order Backlogs remained in contraction for the second consecutive month.
It was the only indicator that fell below 50 on the quarter as well.
     - Prices at the factory gate picked up for the second consecutive month.
There was anecdotal evidence of tariffs leading to higher prices, with some
firms looking for cheaper alternate sources, both domestically and
--MNI London Bureau; tel: +44 203-586-2225; email:
--MNI London Bureau; tel: +44 203-586-2224; email:
--MNI London Bureau; +44 0203 865 3814; email:
MNI London Bureau | +44 203-865-3812 |
MNI London Bureau | +44 203-865-3812 |

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