Commercial activity in the Chicago area cooled down in June.

```htmlGolden Ten Data reported on June 30 that a monthly survey released on Tuesday shows business activity in the Chicago area slowed this month, but remained better than expected. The Chicago Business Barometer fell from 62.7 in May to 56.7 in June, with May's figure being the highest since January 2022. Economists surveyed by The Wall Street Journal had previously predicted a reading of 55. An index above 50 indicates activity expansion. June marked the second consecutive month this indicator stayed above 50. The survey revealed the decline was dragged down by drops in new orders and production, though increases in supplier deliveries, backlogged orders, and employment partially offset the impact. The new orders index retreated by 11.7 points following a strong rise in May. The production index dropped by 10.4 points, almost completely erasing the previous month's gains, but remained in the expansion range for the sixth consecutive month. The prices paid index rose by 1.6 points, reaching the highest level since May 2022. Respondents said rising oil and metal prices were the main drivers behind the climb in prices.```