Chicago PMI - Economic Calendar - FX Leaders FX Leaders

Chicago PMI

Event Date: Friday, May 28, 2021
Event Time: 13:45 CET

Chicago PMI Expected to Cool Off Below 70 Points

Updated Friday, May 28, 2021
The US economy has weakened considerably in the last several months and manufacturing has fallen into contraction. The Chicago PMI indicator shows that the activity from business managers has fallen into contraction as well, declining to 43.2 points. It was expected to show an improvement last month and increase to 47.2 points, which would still mean contraction. The situation improved, but it still missed estimates, coming at 46.3 points. Last year this indicator weakened further but it improved again, climbing above 60 points. But it improved towards the end of the year and in January it increased to 63.8 points. In April it reached 72.1 points but it's expected to cool off to 67.9 points this month. Please follow us for live coverage of this event by experienced market analysts .     

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About Chicago PMI
Level of a diffusion index based on surveyed purchasing managers in the Chicago area. Released monthly, on the last business day of the current month. It's a leading indicator of economic health - businesses react quickly to market conditions, and their purchasing managers hold perhaps the most current and relevant insight into the company's view of the economy. 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.
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