posted on 30 December 2016
The Chicago Business Barometer which recently has spent more time in contraction than expansion, strongly improved and remained in expansion. This survey came in below well above expectations.
From Bloomberg / Econoday, the market expected the index between 50.7 to 54.0 (consensus 57.0) versus the actual at 54.6. A number below 50 indicates contraction. Jamie Satchithanantham, economist at MNI Indicators stated,
z chicago pmi.png
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
Econintersect Economic Releases
|.... and keep up with economic news using our dynamic economic newspapers with the largest international coverage on the internet|
|Asia / Pacific|
|Middle East / Africa|
This Web Page by Steven Hansen ---- Copyright 2010 - 2017 Econintersect LLC - all rights reserved