FOREX TradingCharts.com

Financial News: Chicago Business Barometer Unexpectedly Indicates Faster G

Chicago Business Barometer Unexpectedly Indicates Faster Growth

12/30/2020 - 10:31:00 (RTTNews)

(RTTNews) - A report released by MNI Indicators on Wednesday showed an unexpected acceleration in the pace of growth in Chicago-area business activity in the month of December.

MNI Indicators said its Chicago business barometer rose to 59.5 in December from 58.2 in November, with a reading above 50 indicating growth. Economists had expected the barometer to dip to 57.0.

The unexpected uptick by the headline index was partly due to a notable increase by the employment index, which reached a one-year high but continued to indicate a contraction.

The production index also inched up by 1.1 points as business activity picked up, while easing demand led to a 2-point drop by the new orders index.

On the inflation front, the prices paid index climbed 2.2 points to its highest level since September of 2018, with firms reporting higher prices for metals.

When asked about their planned business activity forecast for 2021, 44.9 percent of respondents said they see growth below 5 percent, while 42.9 percent expect growth to be between 5 and 10 percent.

A majority of respondents said they do not yet know if they will adjust their 2021 budget as coronavirus vaccines roll out over the next few months.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2020 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


European Economics Preview: UK Consumer Price Data Due (01 hr(s), 15 min(s), 57 sec(s) ago)
(RTTNews) - Consumer and producer prices from the UK are due on Wednesday, headlining a light day ...Full Story»

China Retains Benchmark Lending Rates (01 hr(s), 21 min(s), 57 sec(s) ago)
(RTTNews) - China's benchmark lending rates were left unchanged as widely expected, on Wednesd ...Full Story»

Australia Consumer Confidence Index Slips In January - Westpac (58 min(s), 03 sec(s) ago)
(RTTNews) - Consumer confidence in Australia took a hit in January, the latest survey from Westpac ...Full Story»

Australia Consumer Confidence Data Due On Wednesday (38 min(s), 03 sec(s) ago)
(RTTNews) - Australia will on Wednesday see January results for the consumer confidence index from ...Full Story»

German Economy To Grow 3.5% This Year, IMF Says (49 min(s), 03 sec(s) ago)
(RTTNews) - Germany's economy is set to grow 3.5 percent this year after a 5.4 percent contrac ...Full Story»

IMF Sees France's Growth At 5.5% This Year (35 min(s), 03 sec(s) ago)
(RTTNews) - The International Monetary Fund projected France's economic growth at 5.5 percent ...Full Story»

Italy's Current Account Surplus Increases In November (48 min(s), 03 sec(s) ago)
(RTTNews) - Italy's current account surplus increased in November from the previous year, the ...Full Story»

Eurozone Construction Output Rises In November (29 min(s), 03 sec(s) ago)
(RTTNews) - Eurozone's construction output rose in November, data form Eurostat showed on Tues ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

European Economics Preview: UK Consumer Price Data Due

01/20/2021 - 00:36 AM (RTTNews)
(RTTNews) - Consumer and producer prices from the UK are due on Wednesday, headlining a light day ...Full Story>>

China Retains Benchmark Lending Rates

01/20/2021 - 00:30 AM (RTTNews)
(RTTNews) - China's benchmark lending rates were left unchanged as widely expected, on Wednesd ...Full Story>>

Australia Consumer Confidence Index Slips In January - Westpac

01/19/2021 - 18:50 PM (RTTNews)
(RTTNews) - Consumer confidence in Australia took a hit in January, the latest survey from Westpac ...Full Story>>

Australia Consumer Confidence Data Due On Wednesday

01/19/2021 - 17:30 PM (RTTNews)
(RTTNews) - Australia will on Wednesday see January results for the consumer confidence index from ...Full Story>>

German Economy To Grow 3.5% This Year, IMF Says

01/19/2021 - 11:41 AM (RTTNews)
(RTTNews) - Germany's economy is set to grow 3.5 percent this year after a 5.4 percent contrac ...Full Story>>

Do not sell my personal information

Copyright © 2021. 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.