The Chicago Business Barometer, produced with MNI, cooled 6.0 points to 56.7 in June. The Barometer remained in expansionary territory for a second consecutive month. The fall was driven by declines in New Orders and Production, while rises in Supplier Deliveries, Order Backlogs and Employment provided some offset. New Orders declined 11.7 points, partially unwinding the strong rise seen in May (which took the index to its highest level since January 2022). New Orders remain in expansion for a second consecutive month. Production slowed 10.4 points, almost completely reversing May’s increase, but remains expansionary ... (full story)