Monitor US Chicago PMI for real-time business insights; a key gauge of economic expansion or contraction.
This indicator serves as a vital sign of economic vitality, as businesses respond swiftly to market shifts. Purchasing managers possess some of the most up-to-date and pertinent insights regarding their company's economic outlook. MNI subscribers receive this data three minutes prior to its public announcement, often leading to immediate market reactions driven by these trades. A reading above 50.0 suggests economic expansion, while a reading below indicates contraction.
What it Measures
It reflects the level of a diffusion index derived from surveys of purchasing managers in the Chicago region.
Usual Effect
When the 'actual' figure exceeds the 'forecast', it typically benefits the currency.
Source & Frequency
ISM-Chicago, Inc (latest release) - https://chicago.ismworld.org/ • This data is released monthly, specifically on the last business day of each month.
How Data is Derived
Survey of around 200 purchasing managers in Chicago which asks respondents to rate the relative level of business conditions including employment, production, new orders, prices, supplier deliveries, and inventories
Also Known As
Chicago Business Barometer
Acronym
Purchasing Managers' Index (PMI)