The Chicago Business Barometer, produced with MNI, fell -0.1 points to 40.4 in June. The index is now 7.2 points below March's year-to-date high of 47.6 and has now been below 50 for nineteen consecutive months.

• The slight decrease was driven by a fall in Supplier Deliveries, Production, Employment and Order Backlogs. This was almost fully offset by a rise in New Orders.
• New orders rebounded 4.1 points, but remain below the year-to-date average. The increase was driven by a lower proportion of respondents reporting fewer new orders compared to May.
• Supplier deliveries eased 6.8 points.
• Production pared 2.7 points. This was the third consecutive decline, with the index now at its lowest since January.
• Employment retraced 3.9 points, but sees the second highest reading of 2025.
• Order backlogs softened 1.5 points to the lowest level since May 2020. Only 4% of respondents reported larger backlogs in June, the second smallest percentage on record and the lowest since 1980.
• Inventories moderated 8.0 points.
• Prices paid climbed 8.3 points to the highest level since May 2022. 70% of respondents reported higher prices paid in June, up from 57% in May.