Chicago PMI slumps in November to lowest reading in nine months

[mahatmakanejeeves]

Last edited Tue Nov 30, 2021, 01:33 PM - Edit history (1)

Source: MarketWatch

Economic Report

Chicago PMI slumps in November to lowest reading in nine months

Published: Nov. 30, 2021 at 9:55 a.m. ET
By Greg Robb

The Chicago Business Barometer, also known as the Chicago PMI, fell to 61.8 in November from 68.4 in the prior month. It is the lowest reading since February.

Economists polled by the Wall Street Journal forecast a 69% reading.

Link to tweet

The index is produced by the ISM-Chicago with MNI. It is released to subscribers three minutes before its release to the public at 9:45 am Eastern.

The Chicago PMI is the last of the regional manufacturing indices before the national ISM data for November is released on Wednesday{.}

{snip}

Read more: https://www.marketwatch.com/story/chicago-pmi-slumps-in-november-to-lowest-reading-in-nine-months-11638284154

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Hat tip, cloudythescribbler

"PMI" stands for "Purchasing Managers Index"

Thanks.

[cloudythescribbler]

1. shd explain that "PMI" stands for "Purchasing Managers Index"

=

[Claire Oh Nette]

2. "...in 9 months"

Of course, the index shows that all of Biden's months perform better than all of TFG's months, except 2....

The economy is picking up steam. Looking back on just Biden's tenure in office is deliberately misleading.