2018 Economic Calendar
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Chicago PMI  
Released On 3/29/2018 9:45:00 AM For Mar, 2018
PriorConsensusConsensus RangeActual
Business Barometer Index - Level61.9 62.8 60.0  to 65.0 57.4 

Highlights
Unexpected slowing to what nevertheless is a very strong rate of growth is March's signal from what usually is a robust report. The Chicago PMI came in at 57.4 in March which is still well over breakeven 50 but also well under Econoday's low estimate. This is the slowest rate of growth for this index since this time last year as is growth in new orders which likewise slowed. The build in backlog orders also slowed as did production. But signs of capacity stress are still evident with delivery times lengthening and respondents still having trouble finding skilled workers.

Consensus Outlook
Forecasters are calling for renewed acceleration in the Chicago PMI report, to a consensus 62.8 in March vs February' s 61.9. February's report was filled with 6-month lows but lows that still pointed to very strong rates of growth.

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 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
 
 

2018 Release Schedule
Released On: 1/312/283/294/305/316/297/318/319/2810/3111/30
Release For: JanFebMarAprMayJunJulAugSepOctNov
 


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