FX.co ★ Chicago PMI Surges Into Expansion Territory in May, Signals Stronger U.S. Manufacturing Momentum

The Chicago Purchasing Managers' Index (PMI) for the United States jumped sharply in May 2026, signaling a decisive shift in regional business conditions. The index climbed to 62.7 in May from 49.2 in April 2026, moving from contractionary territory to a robust expansionary level. The latest data were updated on 29 May 2026.

April’s reading of 49.2 had pointed to a slight contraction in activity, but May’s surge well above the 50-point threshold suggests a marked improvement in manufacturing and related business conditions in the Chicago area. The move into the 60s range is typically associated with solid demand, stronger order books, and increased production activity.

While the release does not detail the underlying components of the index, the magnitude of the increase implies a broad-based strengthening in sentiment among purchasing managers. The May 2026 figure will likely be watched closely by investors and policymakers as an indicator of the broader U.S. economic and industrial outlook.