Economy
February 26, 2021
Chicago Business Barometer Falls More Than Expected
Written by Sandy Williams
The Chicago Business Barometer slipped 4.3 points to 59.5 in February, though still above a reading of 50 that indicates expansion, following a 2.5-year high in January.
New orders plunged 11 points to their lowest level since August 2020. Production fell 9.3 points after two months of gains. Business activity at firms in the Chicago area was uneven, said MNI Indicators. Some companies enjoyed strong demand, while others reported a downturn from the pandemic.
