The U.S. Chicago PMI rose unexpectedly to 57.6 in July 2026, defying Wall Street forecasts that anticipated a slight slowdown.
📊 July 2026 Chicago Business Barometer Breakdown
- Actual Reading: 57.6
- Market Forecast: 56.0 (with some estimates down to 55.0)
- Previous Month: 56.7 (June 2026)
- Economic Signal: Continued robust expansion in regional business activity, as any reading above 50 indicates growth.
The surprising bounce signals that midwestern manufacturing and business conditions remain highly resilient, providing a strong localized counter-narrative to the broader, sluggish 1.5% national GDP growth reported earlier in the quarter.
Would you like me to pull up the broader July ISM Manufacturing Index forecasts or check the latest morning updates for the University of Michigan Consumer Sentiment readings?
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