MNI Indicators released a report on Wednesday showing Chicago-area business activity unexpectedly contracted at an accelerated rate in the month of November.
The report showed the Chicago business barometer tumbled to 37.2 in November from 45.2 in October, with a reading below 50 indicating a contraction. The decrease surprised economists, who had expected the Chicago business barometer to inch up to 47.0.
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Forex News
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.