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    Chicago PMI decreases 4.1 points in May

    Written by Kristen DiLandro


    The Chicago Business Barometer reports that decreases in new orders, order backlogs, and softer production pulled the Purchasing Managers Index (PMI) down by 4.1-points to 40.5 in May.

    The index is at its lowest level since January, and May marks the 18th month below 50. Increases in supplier deliveries and employment brightened the report, according to the latest report by Market News International (MNI) and the Institute for Supply Management (ISM). 

    Kristen DiLandro

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