FOREX TradingCharts.com

Financial News: Chicago Business Barometer Pulls Back Much More Than

Chicago Business Barometer Pulls Back Much More Than Expected In March

03/29/2019 - 10:19:00 (RTTNews)

(RTTNews) - Growth in Chicago-area business activity saw a significant slowdown in the month of March, MNI Indicators revealed in a report released on Friday.

MNI Indicators said its Chicago business barometer tumbled to 58.7 in March after spiking to 64.7 in February.

While a reading above 50 still indicates growth in regional business activity, economists had expected the index to dip to 61.0.

"Although the barometer has comfortably remained above the 50- neutral level for more than two years now, survey evidence points to a slight slowdown since last year," said Shaily Mittal, Senior Economist at MNI.

She added, "The Fed's break from monetary tightening amid global uncertainty and softer inflation is seen underpinning optimism in the business environment."

The steep drop by the business barometer came as the production and new orders indexes pulled back from last month, although they remained appreciably above their January levels.

MNI Indicators said order backlogs shrank the most, with the indicator falling into contraction territory for the first time since January 2017.

The prices paid index also showed a significant decrease, hitting the lowest level since August 2017 but continuing to indicate price growth.

Meanwhile, the employment index increased marginally and is a touch above both the three-month and 12-month averages.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2019 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


U.S. New Home Sales Unexpectedly Jump To 16-Month High In March (06 hr(s), 18 min(s), 24 sec(s) ago)
(RTTNews) - New home sales in the U.S. unexpectedly jumped to their highest level in well over a y ...Full Story»

UK Household Finance Index Rises In April (08 hr(s), 02 min(s), 24 sec(s) ago)
(RTTNews) - UK households' assessment of their financial well-being rose at the fastest rate i ...Full Story»

Eurozone Govt. Deficit Narrows In 2018 (10 hr(s), 39 min(s), 24 sec(s) ago)
(RTTNews) - The euro area government deficit narrowed at the end of 2018 as revenue increased amid ...Full Story»

Taiwan Industrial Production Falls More Than Expected (10 hr(s), 52 min(s), 24 sec(s) ago)
(RTTNews) - Taiwan's industrial production declined for the fourth month to the weakest in Mar ...Full Story»

Denmark Consumer Confidence Weakens In April (13 hr(s), 05 min(s), 24 sec(s) ago)
(RTTNews) - Denmark's consumer confidence weakened in April, survey data from Statistics Denma ...Full Story»

Singapore Inflation Rises Slightly In March (13 hr(s), 08 min(s), 24 sec(s) ago)
(RTTNews) - Singapore's inflation rose marginally in March, data from the Monetary Authority o ...Full Story»

Dutch Consumer Confidence Decline Slows In April (13 hr(s), 15 min(s), 24 sec(s) ago)
(RTTNews) - Netherlands' consumer confidence declined at a slower pace in April, data from the ...Full Story»

New Zealand Credit Card Spending Data Due On Tuesday (23 min(s), 36 sec(s) ago)
(RTTNews) - New Zealand will on Tuesday release March numbers for credit card spending, highlighti ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

U.S. New Home Sales Unexpectedly Jump To 16-Month High In March

04/23/2019 - 10:18 AM (RTTNews)
(RTTNews) - New home sales in the U.S. unexpectedly jumped to their highest level in well over a y ...Full Story>>

UK Household Finance Index Rises In April

04/23/2019 - 08:34 AM (RTTNews)
(RTTNews) - UK households' assessment of their financial well-being rose at the fastest rate i ...Full Story>>

Eurozone Govt. Deficit Narrows In 2018

04/23/2019 - 05:57 AM (RTTNews)
(RTTNews) - The euro area government deficit narrowed at the end of 2018 as revenue increased amid ...Full Story>>

Taiwan Industrial Production Falls More Than Expected

04/23/2019 - 05:44 AM (RTTNews)
(RTTNews) - Taiwan's industrial production declined for the fourth month to the weakest in Mar ...Full Story>>

Denmark Consumer Confidence Weakens In April

04/23/2019 - 03:31 AM (RTTNews)
(RTTNews) - Denmark's consumer confidence weakened in April, survey data from Statistics Denma ...Full Story>>
Copyright © 2019. All market data is provided by Barchart Solutions. Information is provided "as is" and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.