2014 Economic Calendar
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Chicago PMI  
Released On 4/30/2014 9:45:00 AM For Apr, 2014
PriorConsensusConsensus RangeActual
Business Barometer Index - Level55.9 56.9 54.0  to 60.0 63.0 

Big swings are common for the Chicago PMI which jumped to 63.0 this month from 55.9 in March to signal major acceleration in monthly growth for the Chicago economy. Exact details of this report are not immediately available to the public, but the report does note strong gains for new orders and backlog orders and a plus-70 reading for production. The report also notes solid expansion in employment. The report cites improved weather and improved consumer demand for the outsized gains, ones that point to strength for April's run of economic data. Markets are showing no initial reaction to today's report.

Consensus Outlook
The Chicago PMI slowed to 55.9 for its lowest reading since August, down from 59.8 in February and below the low end of the Econoday consensus for 57.2. A major swing lower in employment to a neutral reading, one that reverses February's major swing higher, was a major negative. Another major negative was a sharp slowing in the most key reading of all, new orders.

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

2014 Release Schedule
Released On: 1/312/283/314/305/306/307/318/299/3010/3111/26
Release For: JanFebMarAprMayJunJulAugSepOctNov

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