2012 Economic Calendar
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Chicago PMI  
Released On 3/30/2012 9:45:00 AM For Mar, 2012
PriorConsensusConsensus RangeActual
Business Barometer Index - Level64.0 63.0 59.7  to 66.0 62.2 

Business activity remained strong this month in the Chicago area though the rate of growth is slightly less strong than February, reflected in the headline composite index which came in at 62.2 vs February's 64.0. A reading over 50 denotes monthly growth and the further over 50, the stronger the rate of growth.

Details show slowing in new orders but to a still very strong 63.3 from February's outsized pace of 69.2. Backlog orders are growing at an increasing pace, production is growing at an increasing pace, and inventories rose in the month. The report's sample continues to expand its workforce though at a less rapid pace than February while, in a clear but limited negative, input prices are climbing.

Today's report, though showing solid rates of growth, nevertheless points to slight moderation for the national economy during March. The Dow is moving off opening highs following today's report.

Consensus Outlook
The Chicago PMI in February rose 3.8 points to a robust 64.0. And forward momentum was even stronger as the new orders index jumped to 69.2 from 63.6 in January. New orders in this report have been strong throughout the recovery and especially over the last six months.

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
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

2012 Release Schedule
Released On: 1/312/293/304/305/316/297/318/319/2810/3111/3012/28
Release For: JanFebMarAprMayJunJulAugSepOctNovDec

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