Economy
July 31, 2014
Chicago Business Barometer Takes Unexpected Tumble
Written by Sandy Williams
The Chicago Business Barometer plunged 10 points to 52.6 in July, falling at the quickest rate since October 2008 and to the lowest level since June 2013. The fall surprised Bloomberg economists who were expecting the Index to rise slightly to 63 from a reading of 62.6 in June.
The decline was attributed to a “collapse in production and the ordering components” according to the July 31 report by MNI and ISM.
