The MNI Chicago Business Barometer for the US fell to 65.4 in December 2018 from an 11-month high of 66.4 in November, but above market expectations of 62.0. Demand fell after surging last month while output growth picked up to the highest since January. Meanwhile, the Supplier Deliveries indicator fell to its lowest level in a year this month and employment rose the least for three months. Chicago Pmi in the United States averaged 54.83 Index Points from 1967 until 2018, reaching an all time high of 81 Index Points in November of 1973 and a record low of 20.70 Index Points in June of 1980.
Chicago Pmi in the United States is expected to be 57.90 Index 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 56.00 in 12 months time. In the long-term, the United States Chicago PMI is projected to trend around 56.00 Index Points in 2020, according to our econometric models.