Core Viewpoint - The Chicago Purchasing Managers' Index (PMI) rose to 43.5 in December from 36.3 in November, exceeding market expectations of 39.8, indicating a significant rebound but still reflecting contraction in the manufacturing sector [1] Group 1: Chicago PMI Insights - The Chicago PMI's increase is seen as a technical recovery following a prior deep decline, although it remains below the neutral threshold of 50, indicating ongoing contraction in the Midwest manufacturing activity [1] - Improvements were noted in new orders and production components, but the overall demand remains weak, with businesses cautious about future order prospects [1] Group 2: Future Outlook - The current rebound does not yet indicate a trend reversal, and further data is needed to confirm whether the manufacturing sector has truly bottomed out [1] - Historically, the Chicago PMI's fluctuations often lead the national ISM manufacturing index, making its trends significant for policymakers and investors [1] - If the Chicago PMI continues to rise towards 50 in the coming months, it may alleviate concerns about a deep slowdown in U.S. manufacturing; however, a full recovery is expected to be slow and uncertain due to persistent high interest rates and low corporate capital expenditure willingness [1]
芝加哥PMI反弹但仍处收缩区间 制造业复苏信号尚不明确
Xin Hua Cai Jing·2025-12-31 05:26