United States Chicago PMI

Last Release

Nov 30, 2024

Actual

40.2

Units In

Points

41.6

Frequency

Monthly

Next Release

Dec 30, 2024

Time to Release

1 Months 0 Days 15 Hours

Highest	Lowest	Average	Date Range	Source
81 Nov 1973	20.7 Jun 1980	54.49 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, slid to 40.2 in November 2024, down from 41.6 in September and falling short of market expectations of 44. This left the index 2.7 points below the year-to-date average. The latest reading signaled that Chicago's economic activity contracted for the 12th consecutive month, and at a notably sharp pace, marking the steepest decline since May. Production slipped 2 points to its lowest since April 2024, extending September's drop; and employment slowed 1.5 points, making it the fifth month this year the subindex has been below 40. Backlogs decreased by 1.9 points, now sitting over 10 points below the September level. Inventories dipped 5.8 points, the lowest since January 2024. Meanwhile, the gauge of new orders advanced 3 points, slightly above the year-to-date average but still below September’s reading. On the price front, prices paid moderated 1.2 points.