Chicago business barometer tumbled to 56.3 in February from 65.2 in January, MNI Indicators reported on Monday. A reading above 50 still indicates growth. 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. The new orders index plunged to 53.0 in February from 65.3 in January, hitting a twenty-month low, while the production index slid to 55.4 from 60.6, dropping to its lowest reading since August 2020.
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