2018 Economic Calendar
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Chicago PMI  
Released On 8/31/2018 9:45:00 AM For Aug, 2018
PriorConsensusConsensus RangeActual
Business Barometer Index - Level65.5 63.8 61.0  to 65.0 63.6 

Highlights
An unusually strong rate of growth eased a bit as expected for the Chicago PMI in August, to 63.6 vs July's 65.5 which was the strongest showing since early in the year.

But growth in new orders did continue to accelerate, at least slightly in August, though the build in backlogs slowed. Improvement in delivery times is also a plus in the August report which helped Chicago's sample to build inventories in the month. Hiring slowed as did pressures on input costs which nevertheless are near 11-year highs and which many respondents are blaming on trade disputes. In a special question, 60 percent of the sample reports passing higher costs to their customers.

This year's strength of the Chicago PMI is hard to overstate and makes monthly comparisons difficult, but the month's slowing is consistent with similar results seen in some of the other small-sample surveys and hints perhaps at a slower rate of growth for the August economy in general.

Consensus Outlook
Easing strength at a very high level is the call for the Chicago PMI with the August consensus at 63.8 vs 65.5 in a July report when input costs an 11-year high.

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 indicate an expanding business sector.  Why Investors Care
 
[Chart]
The ISM-Chicago survey, known as the Chicago PMI, is posted at month-end for the current month and is often used, though it has a non-manufacturing component, as a barometer for the ISM manufacturing index which is released the next business day.
Data Source: Haver Analytics
 
 

2018 Release Schedule
Released On: 1/312/283/294/305/316/297/318/319/2810/3111/30
Release For: JanFebMarAprMayJunJulAugSepOctNov
 


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