trending Market Intelligence /marketintelligence/en/news-insights/trending/8gkrse66wg9woewsfelqfw2 content esgSubNav
In This List

Chicago Business Barometer hits 5-month high in May

Podcast

Street Talk Episode 87

Blog

A New Dawn for European Bank M&A Top 5 Trends

Blog

Insight Weekly: US banks' loan growth; record share buybacks; utility M&A outlook

Blog

Banking Essentials Newsletter 2021: December Edition


Chicago Business Barometer hits 5-month high in May

The MNI Chicago Business Barometer reached its highest level since January as all five components, primarily output levels and orders, posted gains in May, the Institute for Supply Management said.

The Barometer jumped 5.1 points to 62.7 in May from an unrevised level of 57.6 in the previous month.

The production indicator climbed to a three-month high of 3.7% after falling for three straight months, while the orders measure rose to a four-month high of 2.1%, the first sign of order book growth this year. The indicators for order backlogs, supplier deliveries and employment also posted gains in May.

About 63.0% of the surveyed companies said supply-side issues were negatively affecting their businesses.

Asked to assess the impact of another interest rate hike in the next three months, two-thirds of the firms said it would have no impact on operations, while 22.9% answered otherwise.

"Although broad based, the rise was largely thanks to a rebound in demand and back-to-back growth in output," said Jamie Satchi, economist at MNI Indicators.