September: Chicago PMI at 46.6, 10th consecutive month below 50, indicating ongoing contraction.
In September, Chicago's Purchasing Managers' Index (PMI) rose slightly to 46.6 from 46.1, indicating ongoing contraction in business activity. This marks the tenth consecutive month below the 50-point growth threshold. Gains in order backlogs and employment were offset by declines in supplier deliveries, new orders, and production. The prices paid index also increased significantly, signaling rising costs for nearly half of respondents.
September 30, 2024
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