econintersect.com
       
  

FREE NEWSLETTER: Econintersect sends a nightly newsletter highlighting news events of the day, and providing a summary of new articles posted on the website. Econintersect will not sell or pass your email address to others per our privacy policy. You can cancel this subscription at any time by selecting the unsubscribing link in the footer of each email.



posted on 29 May 2015

May 2015 Chicago Purchasing Managers Barometer Crashes

Econintersect: The Chicago Business Barometer fall back into contraction in May. There was a very sharp contraction for new orders. Authors of this index now suspect there will be no economic bouce in the second quarter.

The market expected the index between 51.0 to 54.0 (consensus 53.1) versus the actual at 46.2. A number below 50 indicates contraction. From Bloomberg:

Chicago's PMI sample reports surprising and inexplicable contraction this month, at an index of 46.2 which is far below the Econoday low estimate for 51.0 and April's reading of 52.3. The index's five components all came in under 50 including very sharp contraction for new orders, production and also employment which is at its lowest level since April 2013. No longer in contraction, however, are raw material prices where higher fuel costs are a likely suspect.

From ISM Chicago:

The Chicago Business Barometer fell sharply back into contraction in May, reversing all of April's gain and casting doubt on the strength of the widely expected bounceback in the US economy in the second quarter.

April's positive move had suggested that the first quarter slowdown was transitory and had been impacted by the cold snap and port strikes. May's weakness points to a more fundamental slowdown with the Barometer running only slightly above February's 5½-year low of 45.8. The three month average, although little changed on the month at 48.3, is significantly down from 61.3 in Q4 2014 and barring a sharp rebound in June points to continued sluggish growth in the second quarter. The only positive that can be taken from the May results was that comments from the survey panel suggest weakness was not broad based across all sectors.

The Chicago ISM is important as it is a window into the national ISM reports which will be issued shortly. When you compare the graph below of the ISM Manufacturing Index against the Chicago PMI (graph above) - there is a general correlation in trends, but not necessarily correlation in values.

source and read the full report: Chicago PMI



>>>>> Scroll down to view and make comments <<<<<<



Permanent link to most recent post on this topic

Click here for Historical Releases Listing










Make a Comment

Econintersect wants your comments, data and opinion on the articles posted.  As the internet is a "war zone" of trolls, hackers and spammers - Econintersect must balance its defences against ease of commenting.  We have joined with Livefyre to manage our comment streams.

To comment, using Livefyre just click the "Sign In" button at the top-left corner of the comment box below. You can create a commenting account using your favorite social network such as Twitter, Facebook, Google+, LinkedIn or Open ID - or open a Livefyre account using your email address.



You can also comment using Facebook directly using he comment block below.







Econintersect Economic Releases


search_box

Print this page or create a PDF file of this page
Print Friendly and PDF


The growing use of ad blocking software is creating a shortfall in covering our fixed expenses. Please consider a donation to Econintersect to allow continuing output of quality and balanced financial and economic news and analysis.


Take a look at what is going on inside of Econintersect.com
Main Home
Analysis Blog
Many (But Not All) Dynamics Improving But Federal Tax Receipts Are Down
The Economic Future of The Berkshires - A Reconsideration
News Blog
What Is Heart Failure? It's Not As Common A Cause Of Death As Reports Would Have Us Believe
Economic Growth, More Debt And More Employment
What We Read Today 16 January 2017
Why Doesn't Capital Always Flow To High-Growth Areas?
Trends In Arbitrage-Based Measures Of Bond Liquidity
Is The Next Recession Around The Corner? Probably Not
Investor Alert: Excessive Trading At Investors' Expense
Infographic Of The Day: Chart: How Every Commodity Performed In 2016
Early Headlines: Asia Stocks Mostly Down, Oil And Gold Up, Dollar Down, Obama On 60 Minutes, Brexit Is Getting Harder, Boeing's Big India Order, Shanghai Breaks Support And More
Most Read Articles Last Week Ending 14 January
Technical Update 15 January 2017
U.S. Bombs Dropped On Foreign Soil
Jubilant Ruble And Declining Peso After Trump Election
Investing Blog
Danger Lurks As Extremes Become The Norm
The Week Ahead: Can 4Q Earnings Match Economic Growth?
Opinion Blog
Nature Of Debt Differs Between China, Japan And The U.S.
What If US Importers And Exporters Are Largely The Same?
Precious Metals Blog
Gold's 2016 Gain Indicates A 19% Surge In 2017
Live Markets
16Jan2017 Pre-Market Commentary: Wall Street Closed For MLK Holiday, European Markets Lower, Crude Prices Slip, Investors Await Serious Market Correction As Some Bearish Analysts Claim The Sky Is About To Fall
Amazon Books & More






.... and keep up with economic news using our dynamic economic newspapers with the largest international coverage on the internet
Asia / Pacific
Europe
Middle East / Africa
Americas
USA Government





























 navigate econintersect.com

Blogs

Analysis Blog
News Blog
Investing Blog
Opinion Blog
Precious Metals Blog
Markets Blog
Video of the Day
Weather

Newspapers

Asia / Pacific
Europe
Middle East / Africa
Americas
USA Government
     

RSS Feeds / Social Media

Combined Econintersect Feed
Google+
Facebook
Twitter
Digg

Free Newsletter

Marketplace - Books & More

Economic Forecast

Content Contribution

Contact

About

  Top Economics Site

Investing.com Contributor TalkMarkets Contributor Finance Blogs Free PageRank Checker Active Search Results Google+

This Web Page by Steven Hansen ---- Copyright 2010 - 2017 Econintersect LLC - all rights reserved