The Chicago PMI (Purchasing Managers' Index) is a monthly economic indicator that measures the business conditions in the Chicago region's manufacturing sector. It is considered a leading indicator of the overall U.S. economic activity, as it reflects changes in production levels, new orders, inventories, and employment. A reading above 50 indicates expansion, while below 50 suggests contraction. The Chicago PMI is significant for financial markets as it can influence investor sentiment and expectations about future economic growth and monetary policy.
The Chicago PMI (Purchasing Managers' Index) is a monthly economic indicator that measures the business conditions in the Chicago region's manufacturing sector. It is considered a leading indicator of the overall U.S. economic activity, as it reflects changes in production levels, new orders, inv...