United States Chicago PMI

Last Release

Aug 31, 2024

Actual

46.1

Units In

Points

45.3

Frequency

Monthly

Next Release

Sep 30, 2024

Time to Release

29 Days 13 Hours

Highest	Lowest	Average	Date Range	Source
81 Nov 1973	20.7 Jun 1980	54.54 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, rose to 46.1 in August 2024, up from 45.3 in the prior month and surpassing market estimates of 45.5. The latest reading still shows a significant decline in Chicago's economic activity for the ninth consecutive month, although it remains comfortably above the year-to-date average of 42.9. The marginal upward movement was driven by new orders, followed by production and supplier deliveries. Meanwhile, small reductions in order backlogs and employment capped the upside move.