The MNI Chicago Business Barometer rose 5.1 points to 62.7 in May, the highest level since January and up from 57.6 in April. New orders rebounded and all 5 Barometer components rose during the month.
“It had been a somewhat sluggish start to the year, perhaps unsurprising after the stellar end to 2017, but the MNI Chicago Business Barometer found a higher gear in May,” Jamie Satchi, Economist at MNI Indicators said. “Although broad based, the rise was largely thanks to a rebound in demand and back-to-back growth in output.”
“The result was, however, assisted by the intensification of supply side constraints, with order backlogs surging and lead times on key materials up sharply.”
Two special questions were posed to firms this month.
The first question asked firms whether supply-side issues were negatively affecting their business. A clear majority, at 63.0%, said yes. That’s not surprising given the survey’s associated indicators sitting at elevated levels.
The second asked firms to assess the impact of another interest rate hike in the next 3 months. Just under two thirds saw it having no impact on their operations, while 22.9% saw it having a negative impact.
Only 2.1% who saw it assisting their business and the rest were unsure.
The most damning journalistic sin committed by the media during the era of Russia collusion…
The first ecological study finds mask mandates were not effective at slowing the spread of…
On "What Are the Odds?" Monday, Robert Barnes and Rich Baris note how big tech…
On "What Are the Odds?" Monday, Robert Barnes and Rich Baris discuss why America First…
Personal income fell $1,516.6 billion (7.1%) in February, roughly the consensus forecast, while consumer spending…
Research finds those previously infected by or vaccinated against SARS-CoV-2 are not at risk of…
This website uses cookies.
View Comments
What i do not realize is actually how you're not actually much more smartly-appreciated than you might
be now. You're very intelligent. You already know thus significantly on the subject of this topic,
made me in my view believe it from numerous various angles.
Its like women and men are not involved unless it's one thing to do with Girl gaga!
Your personal stuffs outstanding. At all times handle it up!
This information is worth everyone's attention. When can I find out
more?
It's going to be ending of mine day, except before
finish I am reading this fantastic paragraph
to increase my knowledge.
Excellent goods from you, man. I've consider your stuff
prior to and you're just too excellent. I actually like what you have
obtained right here, certainly like what you're saying and the way wherein you are saying it.
You're making it enjoyable and you still take care of to
keep it wise. I cant wait to read much more from you.
That is really a terrific site.