2017 Economic Calendar
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Chicago PMI  
Released On 8/31/2017 9:45:00 AM For Aug, 2017
PriorConsensusConsensus RangeActual
Business Barometer Index - Level58.9 58.6 57.5  to 61.6 58.9 

Highlights
Chicago's PMI sample continues to report strong activity, unchanged at a composite score of 58.9 in August. Both new orders and production are accelerating though employment, in what is a negative signal for tomorrow's jobs report, contracted in the month. Backlog orders, after peaking near a 2-year high in June, also contracted. Yet the story of this report is strength and is reflected in a drawdown in inventories as companies in the sample are having a hard time keeping stocks high enough to meet demand.

Recent History Of This Indicator
After 5 months of acceleration and a 3-year high, the Chicago PMI finally slowed in July but not very much, coming in at 58.9 with the August consensus at 58.6. Both new orders and backlog orders have been unusually strong. This report, which can be very volatile, tracks both the non-manufacturing and manufacturing sectors of the Chicago-area economy.

Definition
The Institute For Supply Management - Chicago compiles a survey and a composite diffusion index of business conditions in the Chicago area. Since October 2011, the survey has been conducted by Market News International. Manufacturing and non-manufacturing firms both are surveyed. Hence, it is not directly comparable to pure manufacturing surveys. Readings above 50 percent indicate an expanding business sector.  Why Investors Care
 
[Chart]
The ISM-Chicago survey (traditionally and informally called the Chicago PMI) registers manufacturing and non- manufacturing activity in the Chicago region. Investors care about this indicator because the Chicago region somewhat mirrors the nation in its distribution of manufacturing and non- manufacturing activity. Many like to compare the Chicago-PMI with following business day's ISM manufacturing index but they do not always move in tandem since the national ISM is only for manufacturing.
Data Source: Haver Analytics
 
 

2017 Release Schedule
Released On: 1/312/283/314/285/316/307/318/319/2910/3111/3012/29
Release For: JanFebMarAprMayJunJulAugSepOctNovDec
 


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