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.