United States Chicago PMI

Last Release

Jun 30, 2024

Actual

47.4

Units In

Points

35.4

Frequency

Monthly

Next Release

Jul 31, 2024

Time to Release

1 Months 0 Days 13 Hours

Highest	Lowest	Average	Date Range	Source
81 Nov 1973	20.7 Jun 1980	54.56 Points	1967-2024	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, also known as the Chicago PMI, increased to 47.4 in June 2024 from 35.9 in May which was the lowest reading in four years, beating forecasts of 40. The reading is the highest since November, but remained in contraction territory for a seventh consecutive month.