The Chicago Business Barometer, produced with MNI, fell back -4.6 points to 44.1 from 48.7 in August, partially reversing the rebound seen in last month’s data. • New Orders, Production and Employment were the biggest downside drivers while Order Backlogs limited the downward move and Supplier Deliveries also moved a little higher. • New Orders dropped -17.6 points. This was the sixth biggest decline since the series began in 1967, and the largest since April 2020. We have also only seen one reading lower than this since June 2020. • Production fell -6.0 points to 51.1, just about remaining in expansive territory and ... (full story)