After reporting a significant rebound in the pace of growth in Chicago-area business activity in the previous month, MNI Indicators released a report on Friday showing the pace growth pulled back in the month of April.
MNI Indicators said its Chicago business barometer slumped to 56.4 in April after jumping to 62.9 in March, although a reading above 50 still indicates growth.
The pullback by the Chicago business barometer came as the new orders index and the production index slid to their lowest levels since the summer of 2020.
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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.