Chicago Business Barometer up but still pointing to weak conditions

The Chicago Business Barometer increased to an eight-month high in February, according to Market News International (MNI) and the Institute for Supply Management (ISM). Despite this recovery, the measure continues to indicate deteriorating business conditions, as it has for over a year.

The February Barometer reading rose six points from January to 45.5. A reading above 50 indicates improving business conditions, while a reading below that indicates worsening conditions.

Brett Linton

Brett Linton is a digital operations analyst for Steel Market Update, where he began his career. Linton has been in the steel industry since 2010. He has held roles as a category manager and strategic insights director at Reibus before returning to SMU in 2024. He is a graduate of The University of North Georgia with a degree in Finance and Accounting. Brett can be reached at brett@steelmarketupdate.com or 724-314-0179.

Brett Linton

Latest in Market Data

AISI: US production edges back down

Nucor ups HR coil CSP to $1,230/ton

Drilling activity eases in the US, moves higher in Canada

SMU Survey: Current Buyers’ Sentiment Index declines, Future Sentiment flat

SMU flat-rolled market survey results now available