FOREX TradingCharts.com

Financial News: Chicago Business Barometer Pulls Back Sharply In April

Chicago Business Barometer Pulls Back Sharply In April

04/29/2022 - 10:39:00 (RTTNews)

(RTTNews) - After reporting a significant rebound in the pace of growth in Chicago-area business activity in the previous month, MNI Indicators released a report on Friday showing the pace growth pulled back in the month of April.

MNI Indicators said its Chicago business barometer slumped to 56.4 in April after jumping to 62.9 in March, although a reading above 50 still indicates growth.

The pullback by the Chicago business barometer came as the new orders index and the production index slid to their lowest levels since the summer of 2020.

The new orders index plunged to 51.1 in April from 61.9 in March, while the production index tumbled to 50.9 in April from 60.0 in March.

The report showed the employment index also fell to 45.5 in April from 48.1 in March, as highly competitive labor market conditions continued to make staff retention challenging.

MNI Indicators also said the order backlog index edged down to 63.4 from 64.3, the supplier deliveries index fell to 74.5 from 78.3, and the inventories index slid to 64.6 from 68.7.

Meanwhile, the prices paid index inched up to 86.1 in April from 85.7 in March, with the war in Ukraine cited as inflating steel, plastics and lumber costs.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2022 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


U.S. Weekly Jobless Claims Rise To 218,000 (04 min(s), 41 sec(s) ago)
(RTTNews) - First-time claims for U.S. unemployment benefits unexpectedly increased in the week en ...Full Story»

Hong Kong Jobless Rate Rises In April (01 hr(s), 02 min(s), 41 sec(s) ago)
(RTTNews) - Hong Kong's unemployment and underemployment rate increased in April, the labor fo ...Full Story»

South Africa Wholesale Sales Growth Slows In March (02 hr(s), 17 min(s), 41 sec(s) ago)
(RTTNews) - South Africa's wholesale trade rose for the fifth month in a row in March, albeit ...Full Story»

Malaysia Trade Surplus Falls In April (03 hr(s), 56 min(s), 41 sec(s) ago)
(RTTNews) - Malaysia's trade surplus decreased in April with exports and imports increasing at ...Full Story»

Sweden Capacity Utilization Increases In Q1 (05 hr(s), 03 min(s), 41 sec(s) ago)
(RTTNews) - Sweden's capacity utilization rose marginally in the first quarter, data from Stat ...Full Story»

Australia Jobless Rate Eases To 3.9% In April (56 min(s), 19 sec(s) ago)
(RTTNews) - The unemployment rate in Australia came in at a seasonally adjusted 3.9 percent in Apr ...Full Story»

Japan Core Machine Orders Jump 7.6% On Year In March (39 min(s), 19 sec(s) ago)
(RTTNews) - The value of core machine orders in Japan was up 7.6 percent on year in March, the Cab ...Full Story»

Japan Has Y839.2 Billion Trade Deficit In April (29 min(s), 19 sec(s) ago)
(RTTNews) - Japan posted a merchandise trade deficit of 839.2 billion yen in April, the Ministry o ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

U.S. Weekly Jobless Claims Rise To 218,000

05/19/2022 - 08:36 AM (RTTNews)
(RTTNews) - First-time claims for U.S. unemployment benefits unexpectedly increased in the week en ...Full Story>>

Hong Kong Jobless Rate Rises In April

05/19/2022 - 07:38 AM (RTTNews)
(RTTNews) - Hong Kong's unemployment and underemployment rate increased in April, the labor fo ...Full Story>>

South Africa Wholesale Sales Growth Slows In March

05/19/2022 - 06:23 AM (RTTNews)
(RTTNews) - South Africa's wholesale trade rose for the fifth month in a row in March, albeit ...Full Story>>

Malaysia Trade Surplus Falls In April

05/19/2022 - 04:44 AM (RTTNews)
(RTTNews) - Malaysia's trade surplus decreased in April with exports and imports increasing at ...Full Story>>

Sweden Capacity Utilization Increases In Q1

05/19/2022 - 03:37 AM (RTTNews)
(RTTNews) - Sweden's capacity utilization rose marginally in the first quarter, data from Stat ...Full Story>>

Do not sell my personal information

Copyright © 2022. 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.