Economy
June 30, 2016
Chicago PMI Surges in June
Written by Sandy Williams
The Chicago Business Barometer jumped 7.5 points to 56.8 in June for its highest reading since January 2015, according to MNI Indicators. The Chicago Business Barometer, or Chicago PMI, is a measure of economic activity in the Chicago area based on survey responses of purchasing managers in the region.
Although the rebound was welcomed, it just barely offset the previous two months of weakness. The average for the barometer in second quarter was 52.2 in compared with 42.3 in Q1. The surge in June’s results surprised analysts who were expecting a reading of 50.7.
