Economy
June 30, 2015
Chicago Business Barometer Fails to Cross Into Growth Territory
Written by Sandy Williams
The June Chicago Business Barometer gained back half of May’s losses but remained in contraction for the second consecutive month and the fourth so far this year. The Barometer rose 3.2 points to 49.4 from 46.2 in May.
Overall, the barometer declined 1.2 points in second quarter, registering 49.3 from 50.5 in Q1, its lowest level since Q3 2009. MNI Indicators calls it a “signal that the bounceback in economic growth in Q2 may be weaker than expected.”
