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Chicago business activity gauge softens in January

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The Chicago Business Barometer, a gauge of factory activity, fell by 0.8 index points to 44.3 in January.

The Chicago Business Barometer, also known as the Chicago PMI, fell 0.8 index points to 44.3 in January.This is the fifth straight reading below the 50 threshold that indicates contraction territory.

The... The Chicago Business Barometer, also known as the Chicago PMI, fell 0.8 index points to 44.3 in January.This is the fifth straight reading below the 50 threshold that indicates contraction territory. The index is produced by the ISM-Chicago with MNI. It is released to subscribers three minutes before its release to the public at 9:45 am Eastern.

The Chicago PMI is the last of the regional manufacturing indices before the national ISM data for January is released on Wednesday.

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