2017 Economic Calendar
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Chicago PMI  
Released On 2/28/2017 9:45:00 AM For Feb, 2017
PriorConsensusConsensus RangeActual
Business Barometer Index - Level50.3 53.0 50.0  to 54.5 57.4 

Big swings are not uncommon at all for the Chicago PMI which surged to 57.4 in February vs a January reading that was barely in the plus-50 expansion column at 57.4. New orders are the strength of the report as is production. Input costs have been on the rise in other reports and this one as well where it's at a 2-1/2 year high. This report tracks both the manufacturing and non-manufacturing sectors of the Chicago-area economy.

Consensus Outlook
Both new orders and backlogs were in contraction in the January report which doesn't point to strength for the Chicago PMI in February which, nevertheless, is expected to rise 2.6 points to 52.9. Moving from 57.6 in November to 50.3 in January, volatility is common for this closely watched index that tracks both the manufacturing and non-manufacturing sectors of the Chicago-area economy.

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

2017 Release Schedule
Released On: 1/312/283/314/285/316/307/318/319/2910/3111/3012/28
Release For: JanFebMarAprMayJunJulAugSepOctNovDec

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