Economy
August 30, 2017
Chicago Business Barometer Steady in August
Written by Sandy Williams
The MNI Chicago Business Barometer was unchanged in August at 58.9 after a July plunge that ended five months of increases.
Slight gains in production and orders were offset by declines in backlogs, employment and supplier deliveries. The inventory loss was significant, dropping the index 6.4 points to end in contraction and the lowest reading of the year. Limited inventory caused delays satisfying orders, according to some companies.
