Economy
September 30, 2016
Production Increases Reflected in Chicago Business Barometer
Written by Sandy Williams
The September Chicago Business Barometer indicated that production was at its highest level since January of this year. The Barometer rose 2.7 points to 54.2 on strong gains in production. The production index jumped 7.3 points to 59.8 while new orders remained unchanged from August.
Backlogs remained below the neutral point of 50. Supplier deliveries lengthened to its highest level since May and lead times were longest in 12 months. The inventory index was just above 50 with firms evenly split on whether they were increasing or decreasing inventories.
