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Chicago Business Barometer Up 2.5 to 65.5 in May
The Chicago Business Barometer increased to 65.5 in May from 63.0 in April, the highest since October, as demand strengthened and the economy continued to recover from a weather related slowdown in Q1. The increase in the Barometer chimes with other economic data which has shown a continued recovery in the economy. Some members of the Federal Reserve’s rate setting panel, the FOMC, have cast doubt on whether the economy is on a path of sustained above trend growth, but this month’s Barometer certainly points to a strong recovery in the second quarter. The Barometer’s faster expansion was helped by a return to ... (full story)
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