Economy
September 30, 2019
Chicago Business Barometer Has Worrisome Decline
Written by Sandy Williams
The Chicago Business Barometer dropped 3.3 points to 47.1 in September after seeing a brief rebound from contraction in August. The decline in the index released by ISM and MNI Indicators was lower than the 50+ reading expected by many economists. The September Chicago PMI, as the index is also known, marked the third contraction in four months.
“Eroding business conditions in the Chicago region mirror the nationwide trend in manufacturing. A strong dollar, a slowing global economy and the festering trade dispute between the U.S. and China have curbed demand for goods made in America,” commented MarketWatch.
