Chicago PMI Holds Steady in February

Written by Sandy Williams

The Chicago Business Barometer indicated firm growth in February while remaining essentially unchanged at 59.8 in February compared to 59.6 in January, according to MNI Indicators. Production, new orders, and backlogs expanded at a slower rate offsetting double digit growth in employment.

Prices paid dropped in February following price increases by suppliers in January. Inventories of finished goods increased slightly as companies replenished stocks.

The entire report from MNI Indicators may be accessed here.

Latest in Economy