The Chicago Business Barometer fell to 61.8 in November 2021, from 68.4 in the previous month and below market expectations of 67.0. It was the lowest reading since February, suggesting there was a slowdown in activity in the Chicago region. The gauge for order backlogs dropped to 60.8, 6 points below the 12-month average, as firms reported a reduction in the size of incoming orders, while the employment sub-index declined to 51.6, as firms struggled to find qualified workers to meet vacancies. In addition, new orders fell back to their February level of 58.2, while inventories rose to 59.6, the highest since Fall 2018 as some firms reported stockpiling to get ahead of further supply chain disruptions and counteract logistical issues. On the cost front, prices paid remained close to October's multi-decade high. source: Institute for Supply Management

Chicago PMI in the United States averaged 54.86 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 December of 2021.

Chicago PMI in the United States is expected to be 60.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the United States Chicago PMI is projected to trend around 54.00 points in 2022, according to our econometric models.

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United States Chicago PMI


Related Last Previous Unit Reference
Business Confidence 61.10 60.80 points Nov/21
Non Manufacturing PMI 69.10 66.70 points Nov/21
Ism New York Index 37.20 35.50 percent Mar/21
Chicago PMI 61.80 68.40 points Nov/21

News Stream
Chicago Business Barometer Falls in November
The Chicago Business Barometer fell to 61.8 in November 2021, from 68.4 in the previous month and below market expectations of 67.0. It was the lowest reading since February, suggesting there was a slowdown in activity in the Chicago region. The gauge for order backlogs dropped to 60.8, 6 points below the 12-month average, as firms reported a reduction in the size of incoming orders, while the employment sub-index declined to 51.6, as firms struggled to find qualified workers to meet vacancies. In addition, new orders fell back to their February level of 58.2, while inventories rose to 59.6, the highest since Fall 2018 as some firms reported stockpiling to get ahead of further supply chain disruptions and counteract logistical issues. On the cost front, prices paid remained close to October's multi-decade high.
2021-11-30
Chicago PMI Recovers in October
The Chicago Business Barometer rose to 68.4 in October of 2021, picking up after two consecutive months of decline and well above market estimates of 63.5. It was the highest reading since July. New orders advanced 3.1 points, recovering from September’s 6-month low; and employment increased again, up for a fourth straight month, rising 4.2 points to stand at the highest in just over three years. Production was the only component to fall in October, dropping 2.2 points to the lowest since August 2020. Meanwhile, supplier deliveries went up, as firms again reported worsening port congestion and ongoing logistical issues with trucking, rail, and even air cargo. On the price front, prices paid rose by 3.6 points in October to a 42-year high, with many companies saying prices continued to be an issue.
2021-10-29
Chicago PMI Falls Further
The Chicago Business Barometer fell to 64.7 in September of 2021, the lowest level since February and down from 66.8 in August. Figures came slightly below market forecasts of 65. Order backlogs saw the largest decline, followed by supplier deliveries and new orders. Only employment increased through the month.
2021-09-30

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.