United States Chicago PMI

Last Release

Dec 31, 2024

Actual

36.9

Units In

Points

40.2

Frequency

Monthly

Next Release

Jan 31, 2025

Time to Release

30 Days 14 Hours

Highest	Lowest	Average	Date Range	Source
81 Nov 1973	20.7 Jun 1980	54.46 Points	1967-2024	Institute for Supply Management

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.

Latest Updates

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.