Economy
June 29, 2018
Chicago Business Barometer Jumps in June
Written by Sandy Williams
The Chicago Business Barometer hit its highest level since January, rising 1.4 points to 64.1 in June. Four of five components of the headline index strengthened in June, said MNI Indicators.
Orders flowed in for a five-month high and order backlogs were 11.4 percent higher than in June 2017. Supplier lead times continued to lengthen, resulting in somewhat lower production in June. Inventories diminished as firms faced difficulty replenishing stock, said manufacturers.
