Chicago PMI

Event Date: Friday, December 30, 2022
Event Time: 14:45 CET

PMI to Improve but Remain in Contraction

Updated Friday, December 30, 2022
The US economy has weakened considerably in the last several months and manufacturing has fallen into contraction. The Chicago PMI indicator shows that the activity from business managers has fallen into contraction as well, declining to 43.2 points. It was expected to show an improvement last month and increase to 47.2 points, which would still mean contraction. The situation improved, but it still missed estimates, coming at 46.3 points. Last year this indicator weakened further but it improved again, climbing above 60 points. But it has fallen into a contraction in recent months and this month it is expected to show a slight improvement to 40.1 points. Please follow us for live coverage of this event by experienced market analysts.     

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About Chicago PMI
Level of a diffusion index based on surveyed purchasing managers in the Chicago area. Released monthly, on the last business day of the current month. It's a leading indicator of economic health - businesses react quickly to market conditions, and their purchasing managers hold perhaps the most current and relevant insight into the company's view of the economy. Survey of around 200 purchasing managers in Chicago which asks respondents to rate the relative level of business conditions including employment, production, new orders, prices, supplier deliveries, and inventories.
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