The MNI Chicago Business Barometer in the US increased to 75.2 in May of 2021 from 72.1 in March, the highest level since November 1973 and above market expectations of 75.2. Demand provided a boost to business activity, but supply chain constraints remain. The gauge for new orders gained 7.7 points to the highest level since December 1983, while the production index slowed 2.3 points. Supplier deliveries rose 5.9 points to a 47-year high in May with supply chain constraints remaining a serious problem. Companies continuously noted delivery delays due to transportation issues and material shortages. The order backlog index jumped 7.5 points, hitting a 70-year high amid logistical issues and personnel shortages which are driving backlogs. Employment slip back into contraction territory, down 6.5 points with firms indicating difficulties finding new staff. source: Institute for Supply Management
Chicago PMI in the United States averaged 54.75 points from 1967 until 2021, reaching an all time high of 81 points in November of 1973 and a record low of 20.70 points in June of 1980. This page provides the latest reported value for - United States Chicago PMI - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. United States Chicago PMI - data, historical chart, forecasts and calendar of releases - was last updated on June of 2021.
Chicago PMI in the United States is expected to be 58.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Chicago PMI in the United States to stand at 52.00 in 12 months time. In the long-term, the United States Chicago PMI is projected to trend around 54.00 points in 2022, according to our econometric models.