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.

Chicago Pmi in the United States averaged 54.61 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 August of 2020.

Chicago Pmi in the United States is expected to be 48.00 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 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
51.90 36.60 78.60 21.20 1967 - 2020 points Monthly
SA


News Stream
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
Chicago PMI Lowest since 1982
The MNI Chicago Business Barometer in the US declined to 32.3 in May of 2020 from 35.4 in April and below forecasts of 40. It is the lowest reading since March of 1982 as business confidence cooled further amid the Covid-19 crisis. New orders dropped by 2.3 points to the lowest since July of 1980. Production ticked down 6.3% in May after falling sharply in the previous month, remaining at a 40-year low as firms reported pandemic-induced temporary shutdowns. Also, order backlogs were the lowest since March of 2009 while employment rebounded after April’s drop. On the price front, companies noted higher prices for essential goods and transportation.
2020-05-29
Chicago Business Barometer Falls to Over 11-Year Low
The MNI Chicago Business Barometer in the US declined by 12.4 points to 35.4 in April 2020, marking the sharpest contraction since March 2009 amid the coronavirus crisis. The reading also came below market expectations of 38. Production dropped to its lowest level since June 1980; and new orders plunged at a record pace as firms noted a severe impact on both demand and production due to the covid-19 outbreak. In addition, order backlogs eased, following two consecutive months of gains; while inventories increased sharply, still remaining in negative territory for a ninth successive month. Employment fell to its lowest level since June 2009; and supplier deliveries surged to its highest since April 1974. The survey ran from April 1st to 20th.
2020-04-30

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.