U.S. Business and Consumer Activities Slips to the Four-Month Low

Source: mni Market News

The Chicago Business Barometer fell to 66.1 in June following the decline in order backlogs with a slight improvement in supplier deliveries. DJI gains +0.37%.

• New orders slowed, dropping to a three-month low in June.
• The index improved to 73.00 in the second quarter, its highest position since 1938.
• Production level eased in quarter two to 67.9 with the monthly index reducing by 10.6 points.
• The shortage of raw materials contributed to lower production levels.
• Inventories reduced by 4.3 points hitting the lowest mark since August 2020.  In the second quarter, the inventories dropped to 42.1.
• Companies recorded higher prices because of the shortage of materials with quarter two prices increasing to a 41-year high of 90.6.