Chicago Business Barometer Slumps More Than Expected In March

MNI Indicators report shows Chicago-area activity decreased in March but still indicated growth.

Mar. 31, 2026 at 2:04pm

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A geometric abstract illustration using bold shapes and primary colors to represent the decline in the Chicago business barometer index.The Chicago region's economic activity slowed more than expected in March, according to a closely watched business indicator.Chicago Today

A report released by MNI Indicators showed its reading on Chicago-area business activity decreased by more than expected in March, with the Chicago business barometer slumping to 52.8 after climbing to 57.7 in February. Economists had expected the index to drop to 54.0.

Why it matters

The Chicago business barometer is a closely watched indicator of economic activity in the Chicago region, providing insight into the health of the local economy. The larger-than-expected decline in March suggests some slowdown in business conditions, though the index still indicates overall growth.

The details

According to the report from MNI Indicators, the Chicago business barometer decreased to 52.8 in March from 57.7 in February. Economists had forecast the index to drop to 54.0, so the actual decline was more significant than expected.

  • The Chicago business barometer reading was for the month of March 2026.

The players

MNI Indicators

A company that provides economic data and analysis, including the closely watched Chicago business barometer.

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The takeaway

The larger-than-expected decline in the Chicago business barometer suggests some softening in regional economic conditions, though the index remains in growth territory. This data point will be closely watched by economists and policymakers as an indicator of the broader economic trends.