- Korea: Housing Price Index (Apr)
- US: Consumer Sentiment (Apr-final), GDP (Q1 Adv), ECI (Q1)
- Consumer Sentiment Detail (Apr-final)
- US: Selected NIPA Tables (Q1-Adv), Summary key Source Data (Q1)
- Canada: GDP by Industry (Feb), Industrial Product Prices (Mar)
- *Taiwan National House Price Indexes Rebased to 2016=100.*
- Euro area: HICP (Apr-Flash), ECB Survey of Professional Forecasters (Q2)
- Italy: CPI, HICP (Apr-Prelim)
- Brazil: Sao Paolo Capacity Utilization (Mar);Mexico: Debt (Mar);
- more updates...
Economy in Brief
U.S. Employment Cost Index Has Stronger Gain
Lifted by outsized rises in several industries, the employment cost index for civilian workers rose 0.8% (2.4% y/y) during Q1'17...
Chicago Purchasing Managers Index Strengthens
The Chicago Purchasing Managers Business Barometer Index for April increased to 58.3 from 57.7 in March...
EMU Money and Credit Perk Up
There is some noticeable acceleration in EMU money and credit growth...
Durable Goods Orders Improvement Moderates
New orders for durable goods rose 0.7% (4.5% y/y) during March...
U.S. Initial Claims for Unemployment Insurance Increase
Initial unemployment claims for unemployment insurance rose to 257,000 during the week ended April 22...
U.S. Pending Home Sales Ease
The National Association of Realtors (NAR) reported that pending home sales slipped 0.8% ((+0.8% y/y) during March...
by Tom Moeller February 29, 2016
The Chicago Purchasing Managers indicated that its General Business Barometer retreated to 47.6 during February following a surge to 55.6 in January. The reading remained at the low end of the range during the last year. The ISM-Adjusted index fell to 46.7 and gave back its January improvement. During the last ten years, there has been a 62% correlation between the index level and quarterly growth in real GDP.
Declines in the production and the new orders series were pronounced. Employment also fell sharply to the lowest level since November 2009. Fourteen percent (NSA) of respondents reported higher job levels while 24% reported declines. Order backlogs also fell, but supplier deliveries and inventories series rose slightly.
The prices paid index declined to the lowest level since July 2009. Eight percent (NSA) of respondents reported higher prices, but 24% reported them lower.
The MNI Chicago Report is produced by MNI/Deutsche Borse Group in partnership with ISM-Chicago. The survey covers a sample of over 200 purchasing managers in the Chicago area with a monthly response rate of about 50%. The ISM-Adjusted headline index is calculated by Haver Analytics using these data to construct a figure with the ISM methodology. The figures can be found in Haver's SURVEYS database. The Consensus expectations figure is available in AS1REPNA.
|Chicago Purchasing Managers Index (%, SA)||Feb||Jan||Dec||Feb '15||2015||2014||2013|
|ISM-Adjusted General Business Barometer||46.7||52.4||46.8||49.8||51.6||59.3||54.2|
|General Business Barometer||47.6||55.6||42.9||46.8||50.3||60.7||56.0|