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Chicago PMI shows signs of slowing economy

Erika Beras Oct 1, 2019
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BRENDAN SMIALOWSKI/AFP/Getty Images

Chicago PMI shows signs of slowing economy

Erika Beras Oct 1, 2019
BRENDAN SMIALOWSKI/AFP/Getty Images
HTML EMBED:
COPY

One of the economy’s warning lights just switched on: The Institute of Supply Management’s Chicago Purchasing Managers Index — a measure of strength of the Midwest’s manufacturing economy that closely tracks the national number — slipped more than three points in August to 47.1 — that’s lower than the benchmark of 50. We look at what may be behind the decline.

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