Economy
April 30, 2014
Chicago Business Barometer Up 7.1 Points in April
Written by Sandy Williams
The Chicago Business Barometer increased at its fastest pace in six months to a reading of 63.0 in April from 59.9. The three month moving average registers just below 60 which is an indication of continued recovery for economy.
New orders and production led the rise in activity along with improvements in order backlogs and employment levels. Demand fluctuation has made employment volatile in recent months but April saw a rebound that offset March’s decline.
