2017 Economic Calendar
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Chicago PMI  
Released On 3/31/2017 9:45:00 AM For Mar, 2017
PriorConsensusConsensus Range
Business Barometer Index - Level57.4 57.0 55.0  to 59.0 

Recent History Of This Indicator
New orders were the strength of the Chicago PMI in February which rose sharply to 57.6 from a very soft 50.3 in January. Forecasters, at a consensus 57.0 in March, see the index giving back only a small fraction of its February improvement. Volatility is common for this closely watched index which tracks both the manufacturing and non-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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