FOREX TradingCharts.com

Financial News: Chicago Business Barometer Indicates Slower Growth In Augu

Chicago Business Barometer Indicates Slower Growth In August

08/31/2018 - 10:36:00 (RTTNews)

(RTTNews) - Growth in Chicago-area business activity slowed in the month of August, according to a report released by MNI Indicators on Friday.

MNI Indicators said its Chicago business barometer dipped to 63.6 from a revised 65.5 in July, although a reading above 50 still indicates growth. Economists had expected the index to fall to 63.0.

The report said the drop by the business barometer reflected a softening in supplier deliveries, order backlogs and employment, which offset gains in production and new orders,

"The MNI Chicago Business Barometer continues to signal solid business sentiment, despite easing for the first time in five months, with growth in output and demand holding up well," said Jamie Satchi, Economist at MNI Indicators.

MNI Indicators said the prices paid indicator eased in August, but remained above the 80-mark for just the second time since late-2008.

Satchi said, "Inflationary pressures look set to continue, potentially bleeding into consumer prices, with over 60% of firms reporting that they have passed on higher input costs to customers in recent months, and others foreseeing doing so in the near future."

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2018 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


Iceland Wage Growth Slows In August (46 min(s), 53 sec(s) ago)
(RTTNews) - Iceland's wage growth eased in August after accelerating in the previous month, fi ...Full Story»

Iceland Wage Growth Slows In August (46 min(s), 53 sec(s) ago)
(RTTNews) - Iceland's wage growth eased in August after accelerating in the previous month, fi ...Full Story»

Amended: Lithuania Industrial Production Climbs In August (44 min(s), 53 sec(s) ago)
(RTTNews) - Corrects Month Lithuania's industrial production expanded in August, driven b ...Full Story»

UK Budget Deficit Widens As Govt Spending Rises (40 min(s), 53 sec(s) ago)
(RTTNews) - The UK budget deficit increased in August on higher expenditure amid subdued income gr ...Full Story»

Eurozone Private Sector Growth Weakens On Manufacturing (57 min(s), 53 sec(s) ago)
(RTTNews) - Eurozone private sector grew at the second-weakest pace since late-2016 as manufacturi ...Full Story»

Lithuania Industrial Production Climbs In July (43 min(s), 53 sec(s) ago)
(RTTNews) - Lithuania's industrial production expanded in July, driven by manufacturing sector ...Full Story»

Slovenia Output Price Inflation Accelerates Slightly (16 min(s), 53 sec(s) ago)
(RTTNews) - Slovenia's output price inflation accelerated marginally in August, after remainin ...Full Story»

Ireland Output Prices Continue To Fall In August (01 min(s), 07 sec(s) ago)
(RTTNews) - Ireland's factory gate prices decreased for the sixth successive month in August, ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

Iceland Wage Growth Slows In August

09/21/2018 - 08:46 AM (RTTNews)
(RTTNews) - Iceland's wage growth eased in August after accelerating in the previous month, fi ...Full Story>>

Iceland Wage Growth Slows In August

09/21/2018 - 08:46 AM (RTTNews)
(RTTNews) - Iceland's wage growth eased in August after accelerating in the previous month, fi ...Full Story>>

Amended: Lithuania Industrial Production Climbs In August

09/21/2018 - 08:44 AM (RTTNews)
(RTTNews) - Corrects Month Lithuania's industrial production expanded in August, driven b ...Full Story>>

UK Budget Deficit Widens As Govt Spending Rises

09/21/2018 - 08:40 AM (RTTNews)
(RTTNews) - The UK budget deficit increased in August on higher expenditure amid subdued income gr ...Full Story>>

Eurozone Private Sector Growth Weakens On Manufacturing

09/21/2018 - 07:57 AM (RTTNews)
(RTTNews) - Eurozone private sector grew at the second-weakest pace since late-2016 as manufacturi ...Full Story>>

Binary Options Articles Courtesy of NADEX

These pages, and all content ©TradingCharts.com Inc and other copyright holders. Permission is not granted to redistribute charts, data, news or other information found on this site, in any manner. Although it is believed that information provided is accurate, TradingCharts will not accept liability for any loss or damage that may arise from use of the content, inability to access the website, or delay or failure of receive of any information provided through this site.