2018 Economic Calendar
POWERED BY  econoday logo
U.S. & Intl Recaps   |   Event Definitions   |   Today's Calendar   |   

Chicago PMI  
Released On 6/29/2018 9:45:00 AM For Jun, 2018
PriorConsensusConsensus Range
Business Barometer Index - Level62.7 60.1 58.6  to 63.0 

Consensus Outlook
Easing strength at a high level is the call for the Chicago PMI with the June consensus at 60.1 vs 62.7 in a May report that showed gains for both new orders and backlogs. This sample has had trouble filling open positions and has been reporting delivery delays and rising costs, all consistent with capacity stress.

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
 


powered by  [Econoday]