Chicago PMI – United States

Monthly measure of the business conditions based on surveys of purchasing managers across Illinois, Indiana and Michigan. Released on the last business day of the reporting month, the report’s significance has recently declined, with its only significance being that it precedes the more anticipated ISM report. Subsequently, it is used to predict the ISM report as the Chicago survey retains a high correlation with the broader economic release.

Referring to a benchmark of 50, the report is considered to reflect expansion when printing a reading of 50 or higher. Conversely, a reading of 49 and lower would be indicative of contraction.

Relevance : Rarely affects markets
Release schedule : 10:00 AM (EST); monthly, on the final business day of the reporting month
Revisions schedule : Seasonal adjustments made in January
Source of report : National Association of Purchasing Management, Chicago Affiliate
Web Address : http://www.kingbiz.com/about_barometer.asp
Address of release : http://www.kingbiz.com/library.asp
AKA : Chicago Purchasing Managers Index, Chicago Business Barometer

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