MNI Indicators released a report on Monday showing a significant slowdown in the pace of growth in Chicago-area business activity in the month of February.
The report showed the Chicago business barometer tumbled to 56.3 in February from 65.2 in January. While a reading above 50 still indicates growth, economists had expected the barometer to show a much more modest drop to 63.0.
MNI Indicators said all five of the main five indicators fell, with the new orders index and the supplier deliveries index taking the largest hits.
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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.