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United States Chicago PMI

Discussion in 'Market News' started by Jonathan, Oct 9, 2015.

  1. Jonathan

    Jonathan Forum Member

    Aug 29, 2015
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    The Chicago PMI decreased to 48.7 in September from 54.4 in August as three of five components were in contraction. Production led the decline with a sharp double-digit drop that placed it at the lowest since July of 2009. New orders also fell significantly and Order Backlogs remained in contraction for the eighth consecutive month. Only Employment and Supplier Deliveries remained above the 50 neutral level. Chicago Pmi in the United States averaged 54.62 Index Points from 1967 until 2015, reaching an all time high of 78.80 Index Points in November of 1973 and a record low of 21.40 Index Points in June of 1980. Chicago Pmi in the United States is reported by the Institute for Supply Management. The Chicago PMI (ISM-Chicago Business Barometer) measures the performance of the manufacturing and non-manufacturing sector in the Chicago region. The Index is computed from five weighted raw indexes: Production (0.25), New Orders (0.35), Order Backlog (0.15), Employment (0.10), and Supplier Deliveries (0.15) and then seasonally adjusted to support month-to-month comparisons. A reading above 50 indicates an expansion; below 50 represents a contraction; while 50 indicates no change. Chicago PMI is released one day before the ISM Manufacturing Index. This page provides the latest reported value for - United States Chicago PMI - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

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