2011 Economic Calendar
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Chicago PMI  
Released On 9/30/2011 9:45:00 AM For Sep, 2011
PriorConsensusConsensus RangeActual
Business Barometer Index - Level56.5 55.4 52.0  to 58.0 60.4 

Highlights
Growth in new orders picked up very sharply in the Chicago area during September, up 8.4 points to 65.3 for the strongest rate of monthly growth since April. Employment rose 8.5 points to 60.6 for its strongest rate of growth since May. The composite index, up 4.9 points to 60.4, shows its best reading since June. Other readings include a sharp rise in the rate of both production growth and inventory growth. Today's report points to accelerating gains for next week's ISM reports on the manufacturing and non-manufacturing sectors. Stocks are trimming losses following this report.

Consensus Outlook
The Chicago PMI in August slipped 2.3 points to 56.5, but remained comfortably over 50 to indicate solid growth in the area's economy though at a slightly slower rate than July. The new orders index posted at 56.9, compared to 59.4 in July.

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
 
 

2011 Release Schedule
Released On: 1/312/283/314/295/316/307/298/319/3010/3111/3012/29
Release For: JanFebMarAprMayJunJulAugSepOctNovDec
 


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