Economy
October 31, 2018
Chicago Business Barometer Dips in October
Written by Sandy Williams
Manufacturing activity continued at a healthy clip in October, although slipping on the MNI Chicago Business Barometer. The index dropped 2.0 points to 58.4 in October and plunged 10.7 points year-over-year to its lowest reading since December 2014. The decrease may signal a return to more normal levels after a year of particularly strong performance, said MNI Indicators.
“The MNI Chicago Business Barometer continued to revert back towards trend-levels in October, cooling off after a hot and unsustainable run last year,” said Jamie Satchi, economist at MNI Indicators.
