The Chicago Business Barometer index fell to 45.2 in October, down from 45.7 in September. This is the second consecutive print below 50, and any reading below 50 signals contraction in business activity.

The October survey also surveyed businesses regarding their inventories.

MNI Indicators @MNIIndicators

Chicago Biz Barometer Special Question asked how firms are looking to move excess stock. #chicagopmi #MNI #chicagoreport #ISM #chicagoISM #ISMChicago #SupplyChain #inventory #scm

1:48 PM ∙ Oct 31, 2022

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