MNI Chicago Press Release - July 2019

Chicago Business BarometerTM – Softens to 44.4 in July
The Chicago Business BarometerTM, produced with MNI, eased further to 44.4 in July from 49.7 last month, the second sub-50 reading in 30 months.
Four of the five components were in contraction territory this month, with only Supplier Deliveries above 50.
The Production indicator fell 22% on the month to hit a 10-year low. Demand remained muted, highlighted by the New Orders indicator that subsided further into contraction.
The Employment indicator fell into contraction for the first time since October 2017 and hit the lowest level since October 2009.