MNI Chicago Business Index surges to 62.7, smashing expectations and signaling economic rebound
The MNI Chicago Business Index has surged to 62.7, indicating a significant economic rebound in the Chicago area. This reading far exceeds expectations, suggesting a shift from contraction to strong expansion within just one month. The index is closely monitored as it often serves as a leading indicator for broader U.S. economic health.
- ▪The Chicago PMI rose from 49.2 to 62.7 in May, surpassing the consensus estimate of 50.3.
- ▪A reading above 50 indicates expansion, while above 60 suggests a manufacturing boom.
- ▪The index is a key indicator for national economic trends and is watched by traders and investors.
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MNI Chicago Business Index surges to 62.7, smashing expectations and signaling economic rebound The Chicago PMI swung from contraction to strong expansion in a single month, catching forecasters off guard and reshaping the macro outlook. Share Add us on Google by Editorial Team May. 29, 2026 window.sevioads = window.sevioads || []; var sevioads_preferences = []; sevioads_preferences[0] = {}; sevioads_preferences[0].zone = "01f21ccf-2092-46b1-9ac7-8c44cc782e0f"; sevioads_preferences[0].adType = "native"; sevioads_preferences[0].inventoryId = "c5700508-581b-472c-8fdd-a931cdbfc8e1"; sevioads_preferences[0].accountId = "1e47efc1-ec2d-4fca-a8b9-354e249e5095"; sevioads.push(sevioads_preferences); The MNI Chicago Business Barometer hit 62.7 in May, blowing past the consensus estimate of 50.3 by…
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