The Chicago Business Barometer edged up 6.1 points in February to 49.0, the highest level since August 2019.
Analyst Opinion of Chicago PMI
The Fed manufacturing surveys generally improved this month but still showing little growth.
Expectations this month from Econoday were 45.0 to 47.8 (consensus 45.5). A number below 50 indicates contraction.
Among the main five indicators, Production and Supplier Deliveries showed the greatest gains, while Employment was the only one to decline
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The Chicago ISM is important as it is a window into the national ISM reports which will be issued shortly. When you compare the graph below of the ISM Manufacturing Index against the Chicago PMI (graph above) – there is a general correlation in trends, but not necessarily correlation in values.
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source and read the full report: Chicago PMI
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