2017 Economic Calendar
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Chicago PMI  
Released On 6/30/2017 9:45:00 AM For Jun, 2017
PriorConsensusConsensus RangeActual
Business Barometer Index - Level59.4 58.2 57.5  to 60.0 65.7 

Business picked up sharply in the Chicago-area economy based on the PMI which jumped 6.3 points to a much higher-than-expected 65.7. This is the first 60 score since November 2014 and highest score since May 2014.

And the jump is supported by orders with new orders also at their highest since May 2014 and backlog orders, with strength here a definite plus for future employment, the highest since way back in July 1994. The sharpest slowing in deliveries since June 2011 is another indication of strength, this one pointing to demand-related congestion in the supply chain.

This report extends what has been six months of enormous strength for privately compiled data, strength that has not been matched however by government data. This report tracks both the manufacturing and non-manufacturing sectors of the Chicago economy.

Consensus Outlook
The Chicago PMI has been steadily accelerating the last 4 months reaching a 2-1/2 year high in May at 59.4. Backlogs moved out of contraction during the month and employment improved sharply. One weakness in May, however, was new orders which slowed. Forecasters see June's index coming in at 58.2. This report tracks both the non-manufacturing and 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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