Wednesday, October 8, 2025

Latest

Chicago PMI Shows Smaller Than Expected Rebound in June

In May, many US states began to lift restrictions and reopen their economiesso they could get a head-start on that V-shaped recovery everyone was talking about. Now however, some of those US states are only left with skyrocketing coronavirus cases, with a v-shaped recovery nowhere to be found.

According to the Chicago Purchasing Manager’s Index (PMI), which measures the economic wellbeing of Chicago’s manufacturing sector, only a slight rebound from the previous month’s 38 year low was noted in June. Economists polled by Econday predicted the PMI to increase from 32.3 in May to at least 44.5 in June. In reality however, there was only a slight rebound to 36.6.

Some indicators of the Chicago PMI saw improvements, such as New Orders and Production, the largest rebounds for the month. In addition to the reported indices, the Chicago PMI also surveyed respondents on how they plan to proceed with employment levels. According to the manufactures that responded, over half are anticipating a hiring freeze, while another 18% are anticipating a workforce expansion.

Information for this briefing was found via MarketWatch and Trading Economics. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Fortune Bay: The Potential Billion Dollar Project

Japan Gold Enters New Chapter as Barrick Alliance Concludes – John Proust

Barrick Mining’s “Company Defining [Gold] Discovery”

Recommended

Nord Precious Metals Produces High Grade Silver Concentrate From Tailings

ESGold Secures $9 Million In Non-Dilutive Funding From Ocean Partners

Related News

Atlanta Fed’s Econometric Model Predicting 34.9% Drop in GDP Level For Q2 2020

The Federal Reserve Bank of Atlanta runs an econometric model called GDPNow, which produces a...

Tuesday, May 12, 2020, 03:49:00 PM

Canada Commits $440 Million Towards International COVID-19 Vaccine Initiative as Virus Death Toll Likely to Reach 2 Million

As coronavirus cases continue to rise rapidly around the world, the race to develop a...

Saturday, September 26, 2020, 03:41:00 PM

Retail and Office Tenants Anticipate Increasing Costs, Reduced Revenue Due to Coronavirus

As a result of the coronavirus pandemic, the commercial real estate industry has been struggling...

Thursday, June 25, 2020, 02:45:00 PM

Gold Rallies upto 7% as Central Banks Around the Globe Continue to Print their Way Out of the Coronapocalypse

This morning Gold has rallied approaching 7 year highs. We can see Gold is pushing...

Tuesday, March 24, 2020, 09:41:47 AM

US Looking At $2 Trillion Stimulus Package

This morning, word’s out on the size of the stimulus package a group of bipartisan...

Saturday, March 21, 2020, 02:30:38 PM