Economy
July 29, 2016
July Chicago Business Barometer Indicates Solid Economy
Written by Sandy Williams
The Chicago Business Barometer lost one point in July to register 55.8 after a year and a half high of 56.8 in June, according to MNI Indicators.
New orders fell 3.9 points to 59.3 but kept most of June’s gains. Order backlogs, at a high last month, remained above the 50 neutral mark. Inventories grew in July, adding to June’s double digit increase that followed a November to May drawdown on inventory levels.
