MNI Chicago Business Barometer

Country:
United States
USD, US dollar
Source:
Sector:
Business
Medium 43.2 47.4
47.1
Last release Importance Actual Forecast
Previous
46.9
43.2
Next release Actual Forecast
Previous
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MNI Chicago Business Barometer is a composite diffuse indicator, which reflects the business environment in Chicago in the specified month. The indicator is prepared by the non-profit organization Market News International Inc., one of the leading US providers of economic news and analysis, in cooperation with the Chicago branch of the Institute for Supply Management (ISM).

The Chicago Business Barometer is also known as Chicago PMI. It is calculated based on a survey of purchasing managers in the Chicagoland area. Respondents are polled to assess production volume, new orders, backlogs, unemployment and supplies in their firms. Instead of providing a quantitative measure, respondents provide a relative assessment of changes in the currents month: whether the situation has improved, worsened or has not changed.

The sample of respondents includes representatives of large industrial and service companies of the region. Despite the fact that the index is only calculated for the Chicago region, its data are clearly correlated with the common American indices. So, it is interpreted as a leading indicator of the US economy state.

Readings above 50 point to improvement of the business climate in the region, and readings below 50 indicate negative changes. Duties of purchasing managers imply early access to information about changes in the economic situation. Therefore, PMI growth allows forecasting near- and medium-term production growth.

Higher than expected readings are seen as positive for the US dollar.

Last values:

actual data

forecast

The chart of the entire available history of the "MNI Chicago Business Barometer" macroeconomic indicator. The dashed line shows the forecast values ​​of the economic indicator for the specified dates.

A significant deviation of a real value from a forecast one may cause a short-term strengthening or weakening of a national currency in the Forex market. The threshold values ​​of the indicators signaling the approach of the critical state of the national (local) economy occupy a special place.

Date (GMT)
Reference
Actual
Forecast
Previous
Oct 2019
43.2
47.4
47.1
Sep 2019
47.1
48.4
50.4
Aug 2019
50.4
50
44.4
Jul 2019
44.4
52.8
49.7
Jun 2019
49.7
56
54.2
May 2019
54.2
59
52.6
Apr 2019
52.6
60.6
58.7
Mar 2019
58.7
62.5
64.7
Feb 2019
64.7
63
56.7
Jan 2019
56.7
63.1
65.4
Dec 2018
65.4
61.6
66.4
Nov 2018
66.4
61.4
58.4
Oct 2018
58.4
63.5
60.4
Sep 2018
60.4
64.5
63.6
Aug 2018
63.6
63.6
65.5
Jul 2018
65.5
61
64.1
Jun 2018
64.1
59.2
62.7
May 2018
62.7
59.6
57.6
Apr 2018
57.6
62.5
57.4
Mar 2018
57.4
65.4
61.9
Feb 2018
61.9
66
65.7
Jan 2018
65.7
65.9
67.6
Dec 2017
67.6
63.9
Nov 2017
63.9
63
66.2
Oct 2017
66.2
61.2
65.2
Sep 2017
65.2
61.2
58.9
Aug 2017
58.9
61.4
58.9
Jul 2017
58.9
60.6
65.7
Jun 2017
65.7
58.3
59.4
May 2017
59.4
57.1
58.3
Apr 2017
58.3
57.7
Mar 2017
57.7
57.4
Feb 2017
57.4
50.3
Jan 2017
50.3
54.6
Dec 2016
54.6
57.6
Nov 2016
57.6
50.6
Oct 2016
50.6
54.2
Sep 2016
54.2
51.5
Aug 2016
51.5
55.8
Jul 2016
55.8
56.8
Jun 2016
56.8
49.3
May 2016
49.3
50.4
Apr 2016
50.4
53.6
Mar 2016
53.6
47.6
Feb 2016
47.6
55.6
Jan 2016
55.6
42.9
Dec 2015
42.9
48.7
Nov 2015
48.7
56.2
Oct 2015
56.2
48.7
Sep 2015
48.7
54.4

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