2017 Economic Calendar
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Chicago PMI  
Released On 7/31/2017 9:45:00 AM For Jul, 2017
PriorConsensusConsensus RangeActual
Business Barometer Index - Level65.7 61.0 58.0  to 65.3 58.9 

Chicago's PMI sample reports a very welcome slowing in what still may be unsustainably strong growth. July's index slowed nearly 7 points to 58.9 which is still far past breakeven 50 to indicate very strong monthly growth. New orders, which unbelievably were above 70 in June, are now at 60.3 which still indicates that a very strong share of the sample is reporting month-to-month gains. Backlog orders came off a 23-year high in June to 57.9 which is still unusually strong for this reading. Output also slowed but is still over 60 and inventories are up in what are both very strong signals. Input prices moved over 60 to indicate rising pressure. The one negative is slowing for employment which is not a good signal for Friday's employment report. But the overall strength of this report raises questions whether the gains, at least for those sample members who have been sending in their replies to this report, can be sustained.

Consensus Outlook
The Chicago PMI has been steadily accelerating the last 5 months reaching a 3-year high in June at 65.7. This report, which can be very volatile, 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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