Economy
March 1, 2015
Chicago Business Barometer Takes Big Slide in February
Written by Sandy Williams
The Chicago Business Barometer fell to a five and one-half year low in February. The MNI Indicators survey of purchasing and supply professionals plunged 13.6 points to 45.8 in February. It was the first contraction of the Barometer since April 2013 and the lowest level since July 2009.
The West Coast port slowdown and frigid blizzard conditions on the East Coast negatively impacted supplier deliveries, the only component of the Barometer to rise in February.
