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Chicago PMI  
Released On 1/30/2009 9:45:00 AM For January, 2009
PriorConsensusConsensus RangeActual
Business Barometer Index - Level34.1 34.0 29.9  to 38.8 33.3 

The Chicago purchasers report offers an early view of economic conditions in January -- and the results point to continuing contraction at a severe rate. The headline index fell nearly 2 points to 33.3 with order readings showing continuing and severe month-to-month contraction. The production index is especially weak while the employment index shows the largest drop of any index. Businesses in the Chicago area continue to draw down inventories. Prices paid shows contraction but at a slower rate. There was no significant reaction to the results which point to no improvement for next week's monthly manufacturing and non-manufacturing reports at the national level (ISM reports).

Consensus Outlook
The NAPM-Chicago purchasing managers' index pointed to continued deterioration in the Chicago area economy with the main index for December deep in negative territory at 34.1 - one of the lowest readings in the 40-year history of the report. But the index is still above the June 1980 record low of 21.3. However, prices paid are at a record low, down more than 20 points to 30.5 and signaling that buyers are scarce.

NAPM-Chicago Consensus Forecast for January 09: 34.0
Range: 29.9 to 38.8

The Institute For Supply Management - Chicago compiles a survey and a composite diffusion index of business conditions in the Chicago area. Since October 2011, the survey has been conducted by Market News International. Manufacturing and non-manufacturing firms both are surveyed. Hence, it is not directly comparable to pure manufacturing surveys. Readings above 50 indicate an expanding business sector.  Why Investors Care
The NAPM-Chicago Survey registers manufacturing and non-manufacturing activity in the Chicago region. Investors care about this indicator because the Chicago region mirrors the nation in its distribution of manufacturing activity. Consequently, the NAPM-Chicago survey often moves together with the ISM index, but is reported one day in advance.
Data Source: Haver Analytics

2009 Release Schedule
Released On: 1/302/273/314/305/296/307/318/319/3010/3011/3012/30
Release For: JanFebMarAprMayJunJulAugSepOctNovDec

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