2017 Economic Calendar
POWERED BY  econoday logo
U.S. & Intl Recaps   |   Event Definitions   |   Today's Calendar   |   

Chicago PMI  
Released On 4/28/2017 9:45:00 AM For Apr, 2017
PriorConsensusConsensus RangeActual
Business Barometer Index - Level57.7 56.5 55.0  to 58.4 58.3 

Business activity is once again strong in the Chicago area with the PMI coming in at 58.3 and near the top end of Econoday's consensus range. In a sign of future strength, new orders are the highest since May 2014, and in a sign of ongoing strength deliveries continue to slow. But less positive are other readings including employment which is flat and where lack of punch may reflect lack of backlog orders which are in 5 months of contraction. This report covers both the non-manufacturing and manufacturing sectors of the Chicago economy.

Consensus Outlook
The Chicago PMI is often volatile but did show outstanding strength in March at a 57.7 reading. Inventories have been building and deliveries have been slowing, in this case both signs of strength. Forecasters see the March index falling back from 57 scores in the prior 2 months to a consensus 56.5 in April. Note that this index 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

powered by  [Econoday]