Economy
January 2, 2017
Chicago Business Barometer 4Q Average Highest in 2 Years
Written by Sandy Williams
The Chicago Business Barometer fell 3 points in December to register 54.6. The Barometer has averaged 54.3 during fourth quarter, the highest in two years, and suggests that economic conditions have improved somewhat, said MNI Indicators.
The index for New Orders lost 6.7 points giving up the gains it made in November that pushed the Orders Index to its highest pace since June. Production also fell in December ending at the lowest level since October. Backlogs moved back into contraction along with inventories. Supplier deliveries was the only component of the Barometer to gain points in December.
