Economy
December 1, 2020
Chicago Business Barometer Retreats to August Level
Written by Sandy Williams
The Chicago Business Barometer slipped 3.6 points to 58.2 in November for its lowest level since August. New orders fell 5 points and production 1.2 points. Orders remained below pre-crisis levels, but demand varied, with some companies reporting an uptick while others saw stagnant conditions, said MNI Indicators.
The backlog index rose 0.9 points, remaining above the 50-mark for the third straight month. Inventories were at a three-month low. Supplier and delivery delays caused the supplier delivery index to rise 4.9 points to its highest level since May. Factory gate prices surged 9.8 points for a two-year high.
