Estados Unidos PMI Chicago

The Chicago Business Barometer slipped to 40.4 in June 2025 from 40.5 in May, missing market expectations of 43. The index has now stayed below the 50-point threshold for 19 straight months and sits 7.2 points below March’s high of 47.6. The decline was driven by lower readings in supplier deliveries (-6.8 pts), production (-2.7 pts), employment (-3.9 pts), and order backlogs (-1.5 pts), partially offset by a 4.1-point rebound in new orders. Order backlogs fell to their lowest level since May 2020, with just 4% of respondents reporting larger backlogs—near a record low. Inventories dropped 8 points. Meanwhile, prices paid surged 8.3 points to the highest since May 2022, with 70% of firms reporting higher input costs.