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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
The Chicago Business Barometer™, produced with MNI, rose slightly by 0.5 points to 46.6 in September. The Barometer has now been in a tight range between 45.3-47.4 for four consecutive months. The Barometer has remained in contractionary territory for 24 of the past 25 months.
- The marginal rise was due to two of the five subcomponents improving significantly: Order Backlogs and Employment. Meanwhile, reductions in Supplier Deliveries, New Orders, and Production restricted the upward move.
- Order Backlogs increased 5.3 points, although it still remains below the 2024 high in June. This was due to the highest proportion of respondents reporting unchanged backlogs since February.
- Employment rose 5.0 points to 44.5, after two consecutive months of decline, with hiring in concentrated skills.
- Meanwhile Supplier Deliveries fell 4.9 points, after four successive months of increases. A reading above 50 may not be reflecting demand changes, instead possibly pointing to delays in supply chains.
- New Orders and Production both weakened 1.1 points, with the latter at 46.8 in September.
- Prices Paid remain elevated for the second consecutive month, rising by 8.3 points to 74.3, making it the highest since August 2023 and significantly above the year-to-date average of 64.6. This was due to nearly half of respondents reporting higher prices paid.
- Finally, Inventories dipped 3.6 points.
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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