Estados Unidos PMI Chicago

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.