Economy
September 30, 2014
Chicago Business Barometer Drops to 60.5
Written by Sandy Williams
The Chicago Business Barometer fell 3.8 points to 60.5 in September. The headline index in the report by MNI Indicators was lower than economist predictions of 62.0 report but well above the neutral 50 reading. The average Barometer reading for third quarter was 59.1, indicating a healthy growth for the economy.
Production and new orders slowed but remained around 60; backlogs were above 50 for the second consecutive month. Strong order books through October indicate the slight September slowdown is temporary.
