U.S. Chicago PMI

Chicago PMI is a variation of the purchasing managers’ index that indicates the well-being of both manufacturing and non-manufacturing sectors in the region of Chicago. The index is calculated on a monthly basis. The main purpose of the PMI is to provide key decision makers — company owners and managers — with adequate and up-to-date information on business conditions. The PMI value fluctuates between 0 and 100. A reading above 50 represents expansion of the manufacturing sector, below 50 — a contraction. If the manufacturing is expanding, the general economy is expected to do the same and vice versa. The PMI of 50 apparently indicates no change.
United States Chicago PMI
The United States Chicago PMI Index grew beyond expectations in June 2017, reaching the 65.7-mark, a sharp increase from 59.4 in May. For the last one year with an exception of only one month the indicator remained above the threshold of 50, which can be taken as a sign of improving business conditions in the region. The current reading of above 65 is a sign of extremely strong growth pattern.