Widget Image
Follow PPD Social Media
Follow Us:
Wednesday, August 12, 2020
HomeNewsEconomyMNI Chicago Business Barometer Hits the Highest Level Since January

MNI Chicago Business Barometer Hits the Highest Level Since January

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 rose 5.1 points to 62.7 in May, the highest level since January and up from 57.6 in April. New orders rebounded and all 5 Barometer components rose during the month.

“It had been a somewhat sluggish start to the year, perhaps unsurprising after the stellar end to 2017, but the MNI Chicago Business Barometer found a higher gear in May,” Jamie Satchi, Economist at MNI Indicators said. “Although broad based, the rise was largely thanks to a rebound in demand and back-to-back growth in output.”

“The result was, however, assisted by the intensification of supply side constraints, with order backlogs surging and lead times on key materials up sharply.”

Two special questions were posed to firms this month.

The first question asked firms whether supply-side issues were negatively affecting their business. A clear majority, at 63.0%, said yes. That’s not surprising given the survey’s associated indicators sitting at elevated levels.

The second asked firms to assess the impact of another interest rate hike in the next 3 months. Just under two thirds saw it having no impact on their operations, while 22.9% saw it having a negative impact.

Only 2.1% who saw it assisting their business and the rest were unsure.

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

  • Avatar

    What i do not realize is actually how you’re not actually much more smartly-appreciated than you might
    be now. You’re very intelligent. You already know thus significantly on the subject of this topic,
    made me in my view believe it from numerous various angles.

    Its like women and men are not involved unless it’s one thing to do with Girl gaga!
    Your personal stuffs outstanding. At all times handle it up!

  • Avatar

    This information is worth everyone’s attention. When can I find out
    more?

  • Avatar

    It’s going to be ending of mine day, except before
    finish I am reading this fantastic paragraph
    to increase my knowledge.

  • Avatar

    Excellent goods from you, man. I’ve consider your stuff
    prior to and you’re just too excellent. I actually like what you have
    obtained right here, certainly like what you’re saying and the way wherein you are saying it.
    You’re making it enjoyable and you still take care of to
    keep it wise. I cant wait to read much more from you.

    That is really a terrific site.

leave a comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

People's Pundit Daily
You have %%pigeonMeterAvailable%% free %%pigeonCopyPage%% remaining this month. Get unlimited access and support reader-funded, independent data journalism.

Start a 14-day free trial now. Pay later!

Start Trial