United States Chicago PMI

Last Release

Jun 30, 2025

Actual

40.4

Units In

Points

40.5

Frequency

Monthly

Next Release

Jul 31, 2025

Time to Release

29 Days 13 Hours

Highest	Lowest	Average	Date Range	Source
81 Nov 1973	20.7 Jun 1980	54.36 Points	1967-2025	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 slipped to 40.4 in June 2025 from 40.5 in May, missing market expectations of 43. The index has now stayed below the 50-point threshold for 19 straight months and sits 7.2 points below March’s high of 47.6. The decline was driven by lower readings in supplier deliveries (-6.8 pts), production (-2.7 pts), employment (-3.9 pts), and order backlogs (-1.5 pts), partially offset by a 4.1-point rebound in new orders. Order backlogs fell to their lowest level since May 2020, with just 4% of respondents reporting larger backlogs—near a record low. Inventories dropped 8 points. Meanwhile, prices paid surged 8.3 points to the highest since May 2022, with 70% of firms reporting higher input costs.