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.
Economists had expected the Chicago business barometer to inch up to 44.0 from the 43.5 originally reported for the previous month.
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Business News
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.