The MNI Chicago Business Barometer in the US jumped to 62.4 in September of 2020 from 51.2 in August and easily beating market forecasts of 52. The reading pointed to the biggest expansion in Chicago business activity since February of 2019 as all five main indicators saw monthly gains, with production and new orders leading the way. Through Q3, business sentiment recovered sharply to 55.2, the strongest reading since Q1 2019.

Chicago Pmi in the United States averaged 54.62 points from 1967 until 2020, 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 October of 2020.

Chicago Pmi in the United States is expected to be 50.80 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 49.00 in 12 months time. In the long-term, the United States Chicago PMI is projected to trend around 52.00 points in 2021 and 54.00 points in 2022, according to our econometric models.

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United States Chicago PMI

Actual Previous Highest Lowest Dates Unit Frequency
62.40 51.20 78.60 21.20 1967 - 2020 points Monthly
SA


News Stream
Chicago PMI Strongest since February 2009
The MNI Chicago Business Barometer in the US jumped to 62.4 in September of 2020 from 51.2 in August and easily beating market forecasts of 52. The reading pointed to the strongest expansion in Chicago business activity since February of 2019 as all five main indicators saw monthly gains, with production and new orders leading the way. Through Q3, business sentiment recovered sharply to 55.2, the strongest reading since Q1 2019.
2020-09-30
Chicago PMI Below Forecasts but Points to 2nd Month of Economic Expansion
The MNI Chicago Business Barometer in the US fell to 51.2 in August of 2020 from 52 in July, below market forecasts of 52. Still, it is the second straight month the reading is above 50, pointing to economic expansion. Among the five main indicators, Order Backlogs was the only one to show a monthly decline, while Supplier Deliveries recorded the largest gain. Production rose to the highest level since June of 2019. Companies noted that previously pushed out orders led to an increase in production. Demand also improved, with New Orders edging up to a one-year high. Anecdotal evidence suggests that the industrial and agricultural sector were hit the hardest and recovered only slowly, while the medical sector is faring very well.
2020-08-28
Chicago PMI Jumps to Over 1-Year High
The MNI Chicago Business Barometer in the US increased by 15.3 points from the previous month to 51.9 in July 2020, the highest since May 2019 and well above market expectations of 43.9. The latest reading pointed to the first expansion in economic activity in the Chicago region since August last year, as businesses resumed operations following coronavirus pandemic shock. Among five main subindexes, New Orders and Production saw the largest monthly gains, while Supplier Deliveries eased.
2020-07-31
Chicago PMI Rises Less than Forecast
The MNI Chicago Business Barometer in the US increased by 4.3 points to 36.6 in June 2020 recovering from the previous month's 38-year low, but missing market expectations of 45.0. Business activity recovered slightly as the Chicago region eased Covid-19 related shutdowns. Among the main five indicators, Production and New Orders saw the largest monthly gains, while Supplier Deliveries and Employment faltered. Considering the second quarter as a whole, business sentiment slipped 11.8 points to 34.8, the lowest level since the first quarter of 2009.
2020-06-30

United States Chicago PMI
The Chicago PMI (ISM-Chicago Business Barometer) measures the performance of the manufacturing and non-manufacturing sector in the Chicago region. The Index is computed from five weighted raw indexes: Production (0.25), New Orders (0.35), Order Backlog (0.15), Employment (0.10), and Supplier Deliveries (0.15) and then seasonally adjusted to support month-to-month comparisons. A reading above 50 indicates an expansion; below 50 represents a contraction; while 50 indicates no change. Chicago PMI is released one day before the ISM Manufacturing Index.