Estados Unidos PMI Chicago

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.