The MNI Chicago Business Barometer in the US decreased by 5.3 points from a month earlier to 42.9 in January 2020, missing market expectations of 48.8 and pointing to the lowest reading since December of 2015. Demand weakened in January dragged by a fall in new orders while production dipped 3.8 points to 42.7, the lowest level since July 2019. In addition, order backlogs slumped to a four-year low while inventories slumped by 5.8 points to 40.2, the lowest level since May 2016. Meantime, employment remained barely unchanged in January while supplier deliveries continued to expand.
Chicago Pmi in the United States averaged 54.73 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.
Chicago Pmi in the United States is expected to be 49.40 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 54.00 in 12 months time. In the long-term, the United States Chicago PMI is projected to trend around 54.00 points in 2021 and 56.00 points in 2022, according to our econometric models.