2012 Economic Calendar
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Chicago PMI  
Released On 6/29/2012 9:45:00 AM For Jun, 2012
PriorConsensusConsensus RangeActual
Business Barometer Index - Level52.7 53.1 50.0  to 55.1 52.9 

The weakest reading for new orders since September 2009 points to slowing conditions this summer for Chicago-area businesses. The 51.9 new orders reading in June's MNI Chicago report is still over 50 to indicate growth relative to May but only marginal growth which contrasts with robust growth, including a reading near 70, as recently as February. Commentary from the sample includes warnings that activity has hit a soft spot. Businesses in the area, trying to keep busy at a time when new orders are week, have been working down their backlogs the last two months with June's reading of 42.2 the weakest since, again, September 2009. And the back-to-back contraction is the first since December 2009.

Other readings include acceleration for production and employment, which however are very likely to prove temporary given the lack of orders. And inventories are building, some of it likely unwanted. The headline composite index came in near expectations at 52.9. The Dow is showing little reaction to this report which points squarely at slowing for next week's national purchaser reports on the both manufacturing and non-manufacturing sectors.

Consensus Outlook
The Chicago PMI in May decelerated to 52.7 from 56.2 the month before, reaching its lowest point since September 2009. New orders eased to 52.9 from 57.4, showing the slowest monthly growth since September 2009 but still remaining in positive territory.

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 ISM-Chicago survey (traditionally and informally called the Chicago PMI) registers manufacturing and non- manufacturing activity in the Chicago region. Investors care about this indicator because the Chicago region somewhat mirrors the nation in its distribution of manufacturing and non-manufacturing activity. Many like to compare the Chicago-PMI with following business day's ISM manufacturing index but they do not always move in tandem since the national ISM is only for manufacturing.
Data Source: Haver Analytics

2012 Release Schedule
Released On: 1/312/293/304/305/316/297/318/319/2810/3111/3012/28
Release For: JanFebMarAprMayJunJulAugSepOctNovDec

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