Chicago PMI Dipped In October

The latest Chicago Purchasing Managers’ Index, or the Chicago Business Barometer, dropped to 45.2 in September from 45.7 in September, which is in contraction territory. Values above 50.0 indicate expanding manufacturing activity.

Let’s take a look at the Chicago PMI since its inception.

Here’s a closer look at the indicator since 2000.

Let’s compare the Chicago PMI with the more popular national ISM Manufacturing Index. Both indices clearly follow one another with the ISM falling slightly lower on average. Note the ISM Manufacturing indicator is through the previous month.

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