Chicago PMI Surpasses Expectations in September

Key Facts

The Chicago PMI rose more than anticipated during the month of September 2026. Seeking Alpha reported that the data released by ISM-Chicago showed an increase beyond market expectations, signaling stronger-than-anticipated regional economic activity.

The data follows a broader trend of surging US business activity in September, which has seen composite and manufacturing PMIs reach multi-year highs. This significant beat in regional manufacturing data is typically supportive of the USD and yields, although much of the strength had been previously priced in by the markets.