Chicago PMI

Chicago PMI at 7 Month High

by Glenn Busch November 30, 2011
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The Chicago PMI, considered the advance lead on the national ISM, rebounded today to hit a 7 month high and is in its 26th month of expansion. The business barometer came in at a reading of 62.6, blowing away the consensus expectation of 58.5.

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Chicago PMI Down but Better Than Expected

by Glenn Busch October 31, 2011
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Market reaction to the Chicago PMI can be strong since it is released a day or two ahead of the national ISM and it has a strong correlation with the national ISM too. Usually, the Chicago PMI comes in a few points above the national ISM and with a reading around 58 we would see a reading near 56. Recently the spread has been wider with September’s spread at 8 points If this spread continues the national ISM will come in around 50 and possibly below.

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Strong September Rebound for the Chicago PMI

by Glenn Busch September 30, 2011
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As I mentioned yesterday, the Chicago PMI is considered an advanced read on the national ISM. Usually the Chicago PMI is ahead of the national ISM by around 2 points and with a much stronger than expected reading today the national ISM should come in higher than its consensus estimate too.

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Does a Better Than Expected Chicago PMI Equal a Stronger National ISM?

by Glenn Busch August 31, 2011
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Will the ISM print below 50 or will it not? Today’s Chicago Business Barometer (PMI), usually a good proxy for the national ISM, came in better than expected this morning. The index recorded its 23rd month of expansion, albeit; at a much slower rate of growth and at a 21 month low.

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Chicago PMI Rebounds in June

by Glenn Busch June 30, 2011
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The countdown to the national ISM is over. The last two remaining regional business activity surveys, the Kansas City Fed’s and the Chicago PMI, were released today. Both showed a rebound in business activity.

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Chicago PMI Drops in May

by Glenn Busch May 31, 2011
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The big impact from this report will be on the ISM that will be released a few days from now. The Chicago region contains a large percentage of the U.S. manufacturers and the Chicago PMI usually provides and advanced lead on the ISM, the big market mover. A weaker than expected Chicago PMI will most likely mean a weaker than expected ISM.

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A Strengthening Chicago PMI Index

by Glenn Busch November 30, 2010
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The Chicago PMI is a regional manufacturing index but it is widely followed because of the large concentration of manufacturing in the mid-west. Also, it is released a few days before the national ISM index, a major market mover, and is considered an advanced look at the national index.

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Catching Up With Consumer Sentiment, Chicago PMI, & 3Q GDP Estimate

by Glenn Busch October 29, 2010
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Breaking down the three economic indicators out today Consumer Sentiment, Chicago PMI, 3Q Advanced GDP Estimate, and discussing the key components of each.

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