by Calculated Risk on 6/30/2017 10:05:00 AM
Friday, June 30, 2017
From the Chicago PMI: June Chicago Business Barometer at 65.7 vs 59.4 in May
The MNI Chicago Business Barometer rose to 65.7 in June from 59.4 in May, the highest level in over three years.This was well above the consensus forecast.
“June’s MNI Chicago Business Barometer Survey is a testament to firms’ expectations of a busy summer. With Production and New Orders touching levels not seen in three years, rising pressure on backlogs and delivery times has led to higher optimism among firms both in general business conditions and the local economy,” said Shaily Mittal, Senior Economist at MNI Indicators.
Posted by Calculated Risk on 6/30/2017 10:05:00 AM