Economy
October 30, 2020
Chicago PMI Pulls Back Slightly in October
Written by Sandy Williams
The Chicago Business Barometer marked its fourth consecutive month of expansion with a PMI of 61.1 in October. The headline index eased slightly from last month’s reading of 62.4 with only new orders advancing during October, gaining just 0.2 points.
The production index fell 5.9 points and backlogs eased to a two-month low. The inventories index dipped 0.2 percent and supplier deliveries slowed further with firms pointing to impacts from the pandemic.
