A report released by MNI Indicators on Monday showed a slight decrease by its reading on Chicago-area business activity in the month of June.
MNI Indicators said its Chicago business barometer edged down to 40.4 in June from 40.5 in May, with a reading below 50 indicating contraction. Economists had expected the Chicago business barometer to rise to 43.0.
The dip by the Chicago business barometer partly reflected a decrease by the production index, which fell by 2.7 points to its lowest level since January.
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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.