United States Chicago PMI

Last Release

Apr 30, 2025

Actual

44.6

Units In

Points

47.6

Frequency

Monthly

Next Release

May 30, 2025

Time to Release

29 Days 10 Hours

Highest	Lowest	Average	Date Range	Source
81 Nov 1973	20.7 Jun 1980	54.4 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, or Chicago PMI fell to 44.6 in April 2025 from 47.6 in the prior month and slightly below market expectations of 45.5. The latest reading showed that Chicago's economic activity contracted for the 17th consecutive month and at a stronger pace, driven by a pullback in new orders and production. Meanwhile, inventories increased, likely reflecting stockpiling activity in anticipation of tariffs. Employment also went up. On the price front, the index for prices paid rose to its highest level since August 2022. The survey ran from April 1 to April 14, covering President Trump's announcement of the 'Liberation Day' tariffs and the subsequent reversal a week later.