Market news
29.03.2019, 13:55

Chicago Business Barometer decelerates more than expected in March

MNI Indicators’ report revealed on Friday that the expansion of business activity in Chicago slowed this month.

The MNI Chicago Business Barometer, also known as Chicago purchasing manager's index (PMI) came in at 58.7 in March, down from an unrevised 64.7 in February.

Economists had forecast the index to fall to 61.

A reading above 50 indicates improving conditions, while a reading below this level shows worsening of the situation. 

Of the major sub-components of the Barometer, employment and supplier deliveries both increased, albeit marginally. Production and new orders pulled back from last month but were appreciably above their respective January levels. Meanwhile, order backlogs shrank the most, with the indicator falling into contraction territory for the first time since January 2017. 

© 2000-2024. All rights reserved.

This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).

The information on this website is for informational purposes only and does not constitute any investment advice.

The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.

AML Website Summary

Risk Disclosure

Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.

Privacy Policy

Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.

Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.

Bank
transfers
Feedback
Live Chat E-mail
Up
Choose your language / location