Economy

Chicago PMI Slips in January
Written by Sandy Williams
January 31, 2014
The Chicago PMI slipped 1.2 points to 59.6 in January from a revised 60.8 in December. The index, formally known as the Chicago Business Barometer, fell for the third consecutive month but was still firmly above the 50.0 mark that indicates expansion.
Employment weakened in January to a reading of 49.2, slipping into contraction for the first time in nine months and the second consecutive monthly decline.
Prices paid rose to its highest level since November 2012, with a reading of 64.9.
“There have been concerns that putting the brakes on monetary easing could damage business. Most respondents, though, thought that the Federal Reserve’s decision to begin tapering their bond purchases in December would not have a significant impact on their business”, said Philip Uglow, Chief Economist at MNI Indicators.
{amchart id=”111″ Chicago Business Barometer Index}

Sandy Williams
Read more from Sandy WilliamsLatest in Economy

Steel groups welcome passage of budget bill
Steel trade groups praised the passage of the Big Beautiful Bill (BBB) in Congress on Thursday.

Industry groups praise Senate for passing tax and budget bill
The Steel Manufacturers Association and the American Iron and Steel Institute applauded the tax provisions included in the Senate's tax and budget reconciliation bill.

Chicago PMI dips 0.1 points in June
The Chicago Purchasing Managers Index (PMI) slipped 0.1 points to 40.4 points, in June.

Multi-family pullback drives housing starts to 5-year low in May
US housing starts tumbled in May to a five-year low, according to figures recently released by the US Census Bureau.

Architecture firms still struggling, ABI data shows
Architecture firms reported a modest improvement in billings through May, yet business conditions remained soft, according to the latest Architecture Billings Index (ABI) release from the American Institute of Architects (AIA) and Deltek.