MNI Indicators released a report on Friday showing its reading on Chicago business activity unexpectedly surged back into expansion territory in the month of January.
The report said the Chicago business barometer soared to 54.0 in January from a downwardly revised 42.7 in December, with a reading above 50 indicating growth.
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Business News
May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.