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Wednesday, August 12, 2020
HomeNewsEconomyMNI Chicago Business Barometer Unexpectedly Soars to Highest Level Since March 2011

MNI Chicago Business Barometer Unexpectedly Soars to Highest Level Since March 2011

SUV parts are fabricated in the stamping facility at the General Motors Assembly Plant on June 9, 2015. (Photo: Reuters)
SUV parts are fabricated in the stamping facility at the General Motors Assembly Plant on June 9, 2015. (Photo: Reuters)

SUV parts are fabricated in the stamping facility at the General Motors Assembly Plant on June 9, 2015. (Photo: Reuters)

The MNI Chicago Business Barometer unexpectedly rose to 67.6 in December, easily beating the forecast and hitting the highest level since March 2011. The median economic forecast for the month was 62.5, down from 63.9 in November.

“Sentiment among businesses started 2017 in good shape and only impressed more as the year progressed,” said Jamie Satchi, Economist at MNI Indicators. “December’s result secured the MNI Chicago Business Barometer’s first full year of expansion since 2014 and with New Orders ending the quarter in fine shape there is every chance this form could be carried over into 2018.”

On a quarterly basis, the MNI (Market News International) Chicago Business Barometer rose to 65.9 in the fourth quarter (Q4) from 61.0 in Q3, the best quarterly performance since Q1 2011. It’s only the third time in the last decade there have been three consecutive above-60 readings in the Oct-Dec period

Written by
Staff Writing Group

PPD Business, the economy-reporting arm of People's Pundit Daily, is "making sense of current events." We are a no-holds barred, news reporting pundit of, by, and for the people.

Latest comments

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    Chicago?

  • Avatar

    unexpectedly
    beats expectations
    revised upwards
    out performs
    etc

  • Avatar

    @ThinBlueLR All because of Obama…

    Just kidding. Has nothing to do with the previous FAILED administration. MAGA!!!

  • Avatar

    @LarrySchweikart I think the word “unexpected” should be banned from Twitter. Too many bad memories.

  • Avatar

    But…but… that would mean it isn’t Dubya’s fault that the level didn’t go higher until now. And… https://t.co/bQHf1MBede

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