Chicago PMI

Indicator History

History of Event Dates
Event Date Time For
Period
Currency Actual Forecast
What is this indicator?

The Chicago PMI, or the Chicago Purchasing Managers' Index, is a monthly economic indicator that measures the level of business activity in the manufacturing sector in the Chicago area.


Why is it important?

The Chicago PMI is an important indicator of economic activity because it provides a timely and comprehensive snapshot of conditions in the manufacturing sector, which is a key component of the overall economy. The index is based on a survey of purchasing managers in the Chicago area, who are asked about various factors such as new orders, production levels, employment, inventories, and delivery times. The Chicago PMI is closely watched by investors, economists, and policymakers as a leading indicator of broader economic trends. A reading above 50 indicates expansion in the manufacturing sector, while a reading below 50 indicates contraction. Changes in the index can signal shifts in the overall direction of the economy, and can have an impact on financial markets and business decisions. In addition to its importance as a leading economic indicator, the Chicago PMI is also valuable because it provides detailed information about specific components of the manufacturing sector. This can be useful for businesses and policymakers who are interested in identifying trends and making informed decisions about production, hiring, and investment. Overall, the Chicago PMI is an important tool for understanding the health of the manufacturing sector and the broader economy.

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