United States Chicago PMI

Last Release

Feb 29, 2024

Actual

Units In

Points

Frequency

Monthly

Next Release

Apr 30, 2024

Time to Release

1 Months 1 Days 21 Hours

Highest	Lowest	Average	Date Range	Source
81 Nov 1973	20.7 Jun 1980	54.64 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, fell once again to 41.4 in March 2024 from 44 in the prior month and missing market forecasts of 46. The latest reading indicated that Chicago's economic activity contracted for the fourth consecutive month in March, and to the greatest extent in ten months.