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    Economy

    Chicago Business Barometer Drops 3.9 points In March

    Written by Sandy Williams


    The March Chicago Business Barometer slid to its lowest level since August, down 3.9 points to 55.9. The Barometer averaged 58.4 during the first quarter of 2014 indicating recovery but was down from the 2.5 year high of 63.3 in Q4 2013. First quarter results were likely impacted by the harsh weather during the quarter.

    New orders softened for the second month in a row indicating weaker demand. Order Backlogs were at their lowest level since September.

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