The Chicago Business Barometer, also known as the Chicago PMI, dropped further to 36.9 in December 2024, compared to November's 40.2 and missing market forecasts of 42.5. The latest data indicated that Chicago's economic activity contracted for the 13th consecutive month, recording its steepest decline since May. New orders fell 13.5 points to the second lowest since May 2020, with more than half of respondents reporting fewer new orders for the first time since June 2020. source: Institute for Supply Management

Chicago PMI in the United States decreased to 36.90 points in December from 40.20 points in November of 2024. Chicago PMI in the United States averaged 54.46 points from 1967 until 2024, reaching an all time high of 81.00 points in November of 1973 and a record low of 20.70 points in June of 1980. This page provides the latest reported value for - United States Chicago PMI - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Chicago PMI in the United States decreased to 36.90 points in December from 40.20 points in November of 2024. Chicago PMI in the United States is expected to be 50.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations.




Related Last Previous Unit Reference
ISM Manufacturing PMI 49.30 48.40 points Dec 2024
ISM Manufacturing Employment 45.30 48.10 points Dec 2024
ISM Manufacturing New Orders 52.50 50.40 points Dec 2024
ISM Manufacturing Prices 52.50 50.30 points Dec 2024
ISM Services Business Activity 58.20 53.70 points Dec 2024
ISM Services Employment 51.40 51.50 points Dec 2024
ISM Services New Orders 54.20 53.70 points Dec 2024
ISM Services Prices 64.40 58.20 points Dec 2024

United States Chicago PMI
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.


News Stream
Chicago PMI Surprises With Steeper Decline
The Chicago Business Barometer, also known as the Chicago PMI, dropped further to 36.9 in December 2024, compared to November's 40.2 and missing market forecasts of 42.5. The latest data indicated that Chicago's economic activity contracted for the 13th consecutive month, recording its steepest decline since May. New orders fell 13.5 points to the second lowest since May 2020, with more than half of respondents reporting fewer new orders for the first time since June 2020.
2024-12-30
Chicago PMI Sees Unexpectedly Deeper Decline
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.
2024-11-27
Chicago PMI Surprises With Steep Contraction
The Chicago Business Barometer, also known as the Chicago PMI, sank to 41.6 in October 2024 from 46.6 in September and well below market estimates of 47. The latest reading indicated that Chicago's economic activity contracted for the 11th successive month in October, and at a solid pace, marking the steepest decline since May. It is also 1.6 points below the year-to-date average. Production fell by 7.8 points, significantly below the year-to-date average of 44.8 and marking the lowest reading since April 2024. New orders dipped 4.6 points, making it the lowest level since May 2024. Also, employment fell by 5.5 points, slipping below the year-to-date average of 41.9, and inventories fell for the second consecutive month by 2.9 points. On the price front, prices Paid softened by 7.0 points after reaching their highest level since August 2023 in September.
2024-10-31