Chicago PMI crash to 36.3 exposes two years of manufacturing contraction
The just-released Chicago PMI measure has fallen to 36.3, missing the consensus forecast of 45.5 and deepening what is now a two-year contraction in Midwest business activity.It starkly illustrates the continued dominance of services growth over a struggling manufacturing… — Mohamed A. El-Erian (@elerianm) November 26, 2025 The Chicago Business Barometer fell to 36.3 in …