Chicago PMI Contracts for 13th Straight Month

The latest Chicago Purchasing Manager's Index (Chicago Business Barometer) fell to 44.1 in September from 48.7 in August. The latest reading is worse than the 47.6 forecast and marks the 13th straight month in contraction territory.

Background on Chicago PMI

The Chicago PMI assess the business conditions and the economic health of the manufacturing sector in the Chicago region. A value above 50.0 indicate expanding manufacturing activity, while a value below 50.0 indicate contracting manufacturing activity.