2017 Economic Calendar
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Chicago PMI  
Released On 5/31/2017 9:45:00 AM For May, 2017
PriorConsensusConsensus Range
Business Barometer Index - Level58.3 57.5 56.0  to 60.0 

Recent History Of This Indicator
The Chicago PMI has been uncharacteristically steady the last three reports, holding in the high 50 range consistent with very strong growth. New orders, at a 3-year high, were a highlight of the April report and point to strength for shipments and employment as well as for other activity in May. This report tracks both the non-manufacturing and manufacturing sectors of the Chicago-area economy.

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 percent 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
 
 

2017 Release Schedule
Released On: 1/312/283/314/285/316/307/318/319/2910/3111/3012/29
Release For: JanFebMarAprMayJunJulAugSepOctNovDec
 


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