Search Indicator:

Choose Country

Choose Indicator

United States Chicago PMI

Last Release

Nov 2021

Actual

61.8 points

Forecast

N/A

68.4 points

Frequency

Monthly

Units In

points

Next Release

N/A

Time to Release

N/A

Highest	Lowest	Average	Date Range	Source
78.6 points Nov 1973	21.2 points Jun 1980	54.84 points	1967 - 2021	Institute for Supply Management

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.

Latest Updates

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.