The Chicago Business Barometer, also known as the Chicago PMI, dropped to 37.9 in April 2024, down from 41.4 in the prior month and below market forecasts of 45. The latest reading indicated that Chicago's economic activity contracted for the fifth successive month in April, and at a robust pace, marking the strongest decline since November 2022. source: Institute for Supply Management

Chicago PMI in the United States decreased to 37.90 points in April from 41.40 points in March of 2024. Chicago PMI in the United States averaged 54.60 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. United States Chicago PMI - data, historical chart, forecasts and calendar of releases - was last updated on May of 2024.

Chicago PMI in the United States decreased to 37.90 points in April from 41.40 points in March of 2024. Chicago PMI in the United States is expected to be 47.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the United States Chicago PMI is projected to trend around 53.00 points in 2025, according to our econometric models.



Related Last Previous Unit Reference
ISM Manufacturing PMI 49.20 50.30 points Apr 2024
Chicago PMI 37.90 41.40 points Apr 2024
ISM Manufacturing Employment 48.60 47.40 points Apr 2024
ISM Manufacturing New Orders 49.10 51.40 points Apr 2024
ISM Manufacturing Prices 60.90 55.80 points Apr 2024
ISM Services Business Activity 57.40 57.20 points Mar 2024
ISM Services Employment 48.50 48.00 points Mar 2024
ISM Services New Orders 54.40 56.10 points Mar 2024
ISM Services Prices 53.40 58.60 points Mar 2024
ISM Services PMI 51.40 52.60 points Mar 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.
Actual Previous Highest Lowest Dates Unit Frequency
37.90 41.40 81.00 20.70 1967 - 2024 points Monthly
SA


News Stream
Chicago PMI Falls to Near 1-1/2-Year Low
The Chicago Business Barometer, also known as the Chicago PMI, dropped to 37.9 in April 2024, down from 41.4 in the prior month and below market forecasts of 45. The latest reading indicated that Chicago's economic activity contracted for the fifth successive month in April, and at a robust pace, marking the strongest decline since November 2022.
2024-04-30
Chicago PMI Points to 4th Successive Contraction
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. Order backlogs slipped 11.4 points to move to similar levels to August 2023 and the third lowest level of the past 15 years. New Orders lessened by 3.4 points to the lowest since September 2023. Production moderated by 0.5 points, the fourth consecutive month on month fall resulting in the lowest level since May 2023. Meanwhile, employment rebounded from last month’s losses, increasing by 6.4 points. On the price front, prices paid fell by 2.1 points to the lowest since November 2023, due to organizations being proactive on costs.
2024-03-28
Chicago PMI Disappoints in February
The Chicago Business Barometer, also known as the Chicago PMI, fell further to 44 in February 2024 from 46 in the prior month and below market forecasts of 48. The latest reading indicated that Chicago's economic activity contracted for the third consecutive month in February, and at the fastest rate in seven months.
2024-02-29