United States Chicago PMI

Last Release

Jan 31, 2025

Actual

39.5

Units In

Points

36.9

Frequency

Monthly

Next Release

Feb 28, 2025

Time to Release

26 Days 5 Hours

Highest	Lowest	Average	Date Range	Source
81 Nov 1973	20.7 Jun 1980	54.44 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, also known as the Chicago PMI, rose to 39.5 in January 2025, up from a six-month low of 36.9 in the prior month, but missing market expectations of 40. This is the first increase after three consecutive months of decline, though the index remains below both the level of November 2024 and the 2024 average. New orders rebounded by 13.8 points, more than reversing the decline from the previous month, while production increased by 4.0 points, matching the level seen in November. Inventories increased by 14.9 points, returning to expansionary levels for the first time since November 2023, following four consecutive months of decline. However, employment dropped 9.0 points, to the lowest level recorded since June 2020. Regarding price development, prices paid eased 2.7 points, the fourth successive fall and the lowest level since July 2024.