The MNI Chicago Business Barometer in the US increased by 5.8 points to 72.1 in April 2021, the highest level since December 1983 and above market expectations of 65.3. Among the main five indicators, the gauge for new orders rose 9.9 points to a near 7-year high, while the production index ticked up 0.9 points to the highest level since January 2018. In addition, employment edged higher by 1.7 points, marking the highest level since August 2018 and the second successive reading in expansion territory. The order backlog index jumped 16.2 points to the highest level since December 1973, while inventories and supplier deliveries declined. source: Institute for Supply Management
Chicago PMI in the United States averaged 54.72 points from 1967 until 2021, reaching an all time high of 81 points in November of 1973 and a record low of 20.70 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 May of 2021.
Chicago PMI in the United States is expected to be 50.00 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.