Chicago PMI · Chicago Business Barometer
ReleasedMonthly · 9:45 AM ET · last business day
FrequencyMonthly
SourceISM-Chicago / MNI
Definition
A regional purchasing-managers survey of the Chicago area covering both manufacturing and non-manufacturing firms, released the day before national ISM.
Why investors care
As the last regional PMI before national ISM Manufacturing, it’s used to nudge expectations for the bigger number.
What to watch
It’s noisy and not a clean manufacturing read (it includes services), so weight it lightly versus the regional Fed surveys.