The MNI Chicago Business Barometer in the US jumped to 63.8 in January of 2021 from 58.7 in December and easily beating market forecasts of 58.5. The reading pointed to the strongest expansion in Chicago business activity since July of 2018, boosted by a pick-up in activity at the beginning of 2021. Among the main five indicators, production saw the largest monthly gain to hit the highest level since January 2018, followed by new orders, which climbed to the highest level since November 2018. On the other hand, employment recorded the biggest decline, down for the nineteenth straight month. source: Institute for Supply Management
Chicago PMI in the United States averaged 54.66 points from 1967 until 2021, reaching an all time high of 78.60 points in January of 1973 and a record low of 21.20 points in June of 1980. This page provides the latest reported value for - United States Chicago PMI - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. United States Chicago PMI - data, historical chart, forecasts and calendar of releases - was last updated on February of 2021.
Chicago PMI in the United States is expected to be 55.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Chicago PMI in the United States to stand at 52.00 in 12 months time. In the long-term, the United States Chicago PMI is projected to trend around 54.00 points in 2022, according to our econometric models.