FOREX TradingCharts.com

Financial News: Chicago Business Barometer Unexpectedly Indicates Faster G

Chicago Business Barometer Unexpectedly Indicates Faster Growth In June

06/29/2018 - 10:07:00 (RTTNews)

(RTTNews) - Chicago-area business activity unexpectedly grew at a faster rate in the month of June, according to a report released by MNI Indicators on Friday.

MNI Indicators said its Chicago business barometer climbed to 64.1 in June from 62.7 in May, with a reading above 50 indicating growth. Economists had expected the index to drop to 60.0.

The unexpected increase by the business barometer was partly due to continued growth by the new orders index, which rose for the second straight month to a five-month high.

The employment index also increased for the second month in a row in June, although MNI Indicators noted hiring sentiment dipped during the second quarter.

On the other hand, the report said the production index lost ground for the fourth time since peaking in December, with firms stifled by issues higher up in the supply chain.

In light of recent trade disputes between the U.S. and other major economies, MNI Indicators asked firms whether ongoing trade talks were having an impact on short-term purchasing decisions.

Just under a quarter of firms said the talks were having a significant impact on business, while an additional 39.2 percent said yes but only to a minimal extent up until now.

Meanwhile, 17.7 percent of firms said they had been immune to any disruptions, with the remaining 19.6 percent unsure.

"Confusion surrounding the trade landscape continues to breed uncertainty among businesses and their suppliers and has led to many firms' altering their immediate purchasing decisions," said Jamie Satchi, Economist at MNI Indicators.

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


Australia's Consumer Confidence Improves (07 min(s), 20 sec(s) ago)
(RTTNews) - Australia's consumer confidence improved during the week ended July 15, a weekly s ...Full Story»

New Zealand House Prices Rise, Sales Fall In June (53 min(s), 20 sec(s) ago)
(RTTNews) - New Zealand's house prices increased in June from a year ago, while sales declined ...Full Story»

Singapore NODX Rises Less Than Expected In June (01 hr(s), 21 min(s), 20 sec(s) ago)
(RTTNews) - Singapore's non-oil domestic exports increased at a slower-than-expected pace in J ...Full Story»

New Zealand Consumer Prices Rise 0.4% In Q2 (01 min(s), 40 sec(s) ago)
(RTTNews) - Inflation in New Zealand gained 0.4 percent on quarter in the second quarter of 2018, ...Full Story»

BRAZIL: DI Rates Trade Slightly Lower On Domestic Economic Data, USD (40 min(s), 40 sec(s) ago)
(RTTNews) - The one-day interbank deposit futures rates (DI rates) in Brazil are trading lower Mon ...Full Story»

New Zealand Inflation Gains 0.4% In Q2 (31 min(s), 40 sec(s) ago)
(RTTNews) - Consumer prices in New Zealand were up 0.4 percent on quarter in the second quarter of ...Full Story»

RBA Minutes On Tap For Tuesday (16 min(s), 40 sec(s) ago)
(RTTNews) - The Reserve Bank of Australia will on Tuesday release the minutes from its monetary po ...Full Story»

BRAZIL: IMF Slashes Estimate For GDP Growth To 1.8% In 2018, From +2.3% (01 min(s), 40 sec(s) ago)
(RTTNews) - Brazil's gross domestic product (GDP) is expected to grow 1.8% this year, accordin ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

Australia's Consumer Confidence Improves

07/17/2018 - 01:36 AM (RTTNews)
(RTTNews) - Australia's consumer confidence improved during the week ended July 15, a weekly s ...Full Story>>

New Zealand House Prices Rise, Sales Fall In June

07/17/2018 - 00:50 AM (RTTNews)
(RTTNews) - New Zealand's house prices increased in June from a year ago, while sales declined ...Full Story>>

Singapore NODX Rises Less Than Expected In June

07/17/2018 - 00:22 AM (RTTNews)
(RTTNews) - Singapore's non-oil domestic exports increased at a slower-than-expected pace in J ...Full Story>>

New Zealand Consumer Prices Rise 0.4% In Q2

07/16/2018 - 19:45 PM (RTTNews)
(RTTNews) - Inflation in New Zealand gained 0.4 percent on quarter in the second quarter of 2018, ...Full Story>>

BRAZIL: DI Rates Trade Slightly Lower On Domestic Economic Data, USD

07/16/2018 - 19:24 PM (RTTNews)
(RTTNews) - The one-day interbank deposit futures rates (DI rates) in Brazil are trading lower Mon ...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.