FOREX TradingCharts.com

Financial News: Chicago Business Barometer Unexpectedly Indicates Faster C

Chicago Business Barometer Unexpectedly Indicates Faster Contraction In May

05/31/2024 - 10:01:00 (RTTNews)

(RTTNews) - Chicago-area business activity unexpectedly contracted at an accelerated rate in the month of May, according to a report released by MNI Indicators on Friday.

MNI Indicators said its Chicago business barometer fell to 35.4 in May from 37.9 in April, with a reading below 50 indicating contraction. Economists had expected the business barometer to rise to 41.0.

With the unexpected decrease, the Chicago business barometer dropped to its lowest level since May 2020.

The unexpected decrease by the business barometer partly reflected a steep drop by the new orders index, which tumbled by 9.2 points to its lowest level since May 2020.

The order backlogs index also slumped by 8.0 points to its lowest level since May 2020, while the employment index dipped by 1.4 points to its lowest level since June 2020.

Meanwhile, the production index jumped 8.1 points following five consecutive months of decline, reaching its highest level since January.

The report also said the prices paid index edged down by 0.9 points, although MNI Indicators noted it remains at the second highest level since August 2023.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2024 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


U.S. Crude Oil Inventories Unexpectedly Jump By 3.7 Million Barrels (01 hr(s), 02 min(s), 24 sec(s) ago)
(RTTNews) - Crude oil inventories in the U.S. unexpectedly saw a significant increase in the week ...Full Story»

U.S. Consumer Prices Unexpectedly Flat In May, Annual Growth Slows To 3.3% (02 hr(s), 17 min(s), 24 sec(s) ago)
(RTTNews) - With a steep drop in gasoline prices partly offsetting a continued increase in shelter ...Full Story»

Thailand Leaves Policy Rate Steady At 2.50% (02 hr(s), 22 min(s), 24 sec(s) ago)
(RTTNews) - Thailand's central bank decided to keep the interest rate unchanged for the fourth ...Full Story»

India Industrial Output Growth At 3-Month Low (02 hr(s), 23 min(s), 24 sec(s) ago)
(RTTNews) - India's industrial production growth moderated to a three-month low in April but t ...Full Story»

U.S. Mortgage Applications Show Substantial Rebound (02 hr(s), 35 min(s), 24 sec(s) ago)
(RTTNews) - After reporting two consecutive weekly decreases in U.S. mortgage applications, the Mo ...Full Story»

India Inflation Eases Further To 4.75%, Lowest In 1 Year (03 hr(s), 0 min(s),24 sec(s) ago)
(RTTNews) - India's consumer price inflation eased for the fifth straight month in May to the ...Full Story»

U.S. Consumer Prices Unexpectedly Unchanged In May (03 hr(s), 09 min(s), 24 sec(s) ago)
(RTTNews) - With a steep drop in gasoline prices partly offsetting a continued increase in shelter ...Full Story»

UK Economy Flatlines As Election Looms (03 hr(s), 38 min(s), 24 sec(s) ago)
(RTTNews) - The UK economy stagnated in April as services growth was offset by falls in production ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

U.S. Crude Oil Inventories Unexpectedly Jump By 3.7 Million Barrels

06/12/2024 - 10:45 AM (RTTNews)
(RTTNews) - Crude oil inventories in the U.S. unexpectedly saw a significant increase in the week ...Full Story>>

U.S. Consumer Prices Unexpectedly Flat In May, Annual Growth Slows To 3.3%

06/12/2024 - 09:30 AM (RTTNews)
(RTTNews) - With a steep drop in gasoline prices partly offsetting a continued increase in shelter ...Full Story>>

Thailand Leaves Policy Rate Steady At 2.50%

06/12/2024 - 09:25 AM (RTTNews)
(RTTNews) - Thailand's central bank decided to keep the interest rate unchanged for the fourth ...Full Story>>

India Industrial Output Growth At 3-Month Low

06/12/2024 - 09:24 AM (RTTNews)
(RTTNews) - India's industrial production growth moderated to a three-month low in April but t ...Full Story>>

U.S. Mortgage Applications Show Substantial Rebound

06/12/2024 - 09:12 AM (RTTNews)
(RTTNews) - After reporting two consecutive weekly decreases in U.S. mortgage applications, the Mo ...Full Story>>

Do not sell my personal information

Copyright © 2024. 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.