Economy
January 4, 2021
Chicago Business Barometer Gains Momentum in December
Written by Sandy Williams
The Chicago Business Barometer edged up 1.3 points in December to 59.5, reports MNI Indicators. The gain came as a welcome surprise as employment levels, although still in contraction, made notable improvement last month. The production index gained 1.1 points while demand slipped 2.0 points.
Order backlogs grew for a second month, gaining 3.6 points. The inventories index jumped to a seven-month high while supplier deliveries stayed relatively unchanged. Firms indicated continued delivery delays due to shipping and trucking issues.
