posted on 30 September 2015
September 2015 Chicago Purchasing Managers Barometer Production Growth Collapsed and New Orders Fell Sharply
The Chicago Business Barometer declined and is now in contraction.
From Bloomberg, the market expected the index between 49.0 to 55.0 (consensus 53.6) versus the actual at 48.7. A number below 50 indicates contraction. Chief Economist of MNI Indicators Philip Uglow said,
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
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