Economy
July 31, 2020
Chicago Business Barometer Rebounds, But Firms Remain Worried
Written by Sandy Williams
A spike in business activity was recorded by the Chicago Business Barometer in July. The index rebounded from 12 months of contraction to a reading of 51.9.
Increasing demand resulted in a vault of 23.8 points for the new orders index to its highest level since August 2019. Production soared 49.5 percent and back into expansion territory. The future outlook remained uncertain for participating firms, however, due to the ongoing pandemic.
