June - Chicago Business Barometer™
The Chicago Business Barometer™ increased 12.0 points to 47.4 in June. This is the first monthly rise after six consecutive monthly falls, making this month's reading the highest since November 2023.
All five subcomponents rose with New Orders leading the improvement, follow by Order Backlogs, Production, Employment and Supplier Deliveries.
New Orders increased by 16.9 points, after three consecutive months of declined. Production expanded 11.0 points bringing it to the highest since December 2023.
June special question asked: "When are you planning to make your next (major) capital investments for growth?" While 35.5% do not known, 25.8% expect next year, with 22.6% responded with plan for the balance of this year.
Released June 28, 2024.
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