FOREX TradingCharts.com

Financial News: Chicago Business Barometer Tumbles To Nearly Four-Year Low

Chicago Business Barometer Tumbles To Nearly Four-Year Low In October

10/31/2019 - 10:39:00 (RTTNews)

(RTTNews) - MNI Indicators released a report on Thursday showing Chicago-area business activity unexpectedly slid further into contraction in the month of October.

The report said the Chicago business barometer tumbled to 43.2 in October from 47.1 in September, with a reading below 50 indicating a contraction in regional manufacturing activity. Economists had expected the index to inch up to 48.0.

With the unexpected decrease, the Chicago business barometer slumped to its lowest level since December of 2015.

The unexpected drop by the headline index came as demand weakened significantly, with the new orders index plunging to its lowest level since March of 2009.

The report said the production index rebounded to 46.8 in October but pointed to a contraction for the fourth consecutive month.

On the inflation front, the prices index dipped to 54.8 but continued to indicate growth, as lower steel prices were offset by upward pressure from tariffs.

When asked about the impact of the Federal Reserve's latest interest rate cuts, a majority of firms said they expect no impact.

Meanwhile, 56.5 percent of firms noted a little negative impact from the government-imposed tariffs and 26 percent indicated a major negative effect.

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


Japan Inflation Data Due On Friday (02 min(s), 56 sec(s) ago)
(RTTNews) - Japan will on Friday release October nationwide numbers for consumer prices, highlight ...Full Story»

Japan Overall Consumer Prices Rise 0.2% On Year In October (07 min(s), 56 sec(s) ago)
(RTTNews) - Overall consumer prices in Japan were up 0.2 percent on year in October, the Ministry ...Full Story»

U.S. Leading Economic Index Drops For Third Straight Month In October (08 hr(s), 0 min(s),56 sec(s) ago)
(RTTNews) - A report released by the Conference Board on Thursday showed a modest decrease by its ...Full Story»

U.S. Existing Home Sales Jump More Than Expected In October (08 hr(s), 22 min(s), 56 sec(s) ago)
(RTTNews) - Existing home sales in the U.S. rebounded by more than expected in the month of Octobe ...Full Story»

S. Africa Central Bank Holds Rate Steady Again (09 hr(s), 13 min(s), 56 sec(s) ago)
(RTTNews) - South Africa's central bank left its key interest rate unchanged for a second cons ...Full Story»

Growth In Philadelphia Manufacturing Re-Accelerates More Than Expected (09 hr(s), 27 min(s), 56 sec(s) ago)
(RTTNews) - After reporting a continued slowdown in the pace of growth in regional manufacturing a ...Full Story»

Belgium Consumer Confidence Improves For Second Month (09 hr(s), 36 min(s), 56 sec(s) ago)
(RTTNews) - Belgium's consumer confidence improved for a second consecutive month to its highe ...Full Story»

U.S. Weekly Jobless Claims Unchanged At Five-Month High (09 hr(s), 38 min(s), 56 sec(s) ago)
(RTTNews) - The Labor Department released a report on Thursday showing first-time claims for U.S. ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

Japan Inflation Data Due On Friday

11/21/2019 - 18:45 PM (RTTNews)
(RTTNews) - Japan will on Friday release October nationwide numbers for consumer prices, highlight ...Full Story>>

Japan Overall Consumer Prices Rise 0.2% On Year In October

11/21/2019 - 18:40 PM (RTTNews)
(RTTNews) - Overall consumer prices in Japan were up 0.2 percent on year in October, the Ministry ...Full Story>>

U.S. Leading Economic Index Drops For Third Straight Month In October

11/21/2019 - 10:47 AM (RTTNews)
(RTTNews) - A report released by the Conference Board on Thursday showed a modest decrease by its ...Full Story>>

U.S. Existing Home Sales Jump More Than Expected In October

11/21/2019 - 10:25 AM (RTTNews)
(RTTNews) - Existing home sales in the U.S. rebounded by more than expected in the month of Octobe ...Full Story>>

S. Africa Central Bank Holds Rate Steady Again

11/21/2019 - 09:34 AM (RTTNews)
(RTTNews) - South Africa's central bank left its key interest rate unchanged for a second cons ...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.