Chicago PMI Dives in September

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Economic Update: Chicago Purchasing Managers Index

The Chicago Purchasing Managers Index (PMI) for September plunged to a reading of 49.7, which was dramatically below the consensus expectations for a reading of 52.8 and last month’s 53.0.

Note that the overall reading moved below the 50 level for the first time since September 2009.

Prior Readings:

• August: 53.0
  
• July: 53.7
  
• June: 52.9
  
• May: 52.7
  
• April: 56.2
  
• March: 62.2
  
• February: 64.0
  
• January 2012: 60.2
  
• December: 62.2
  
• November: 62.6
  
• October: 58.4
  
• September: 60.4

The New Orders component was reported at 47.4 vs. 54.8 last month

Prices Paid: 63.2 vs. 57.0

Employment: 52.0 vs. 57.1

The Chicago PMI is designed to indicate the health of the manufacturing sector in the region. Readings above 50.0 indicate expansion while readings below 50 indicate contraction.

Other stories on the US Economy to review:

Other stories on the US Economy to review:

• Personal Income and Spending a Mixed Bag in August
  
• Pending Home Sales Point To a Potential Problem
  
• GDP Growth Rate Revised Down Significantly in Q2
  
• Durable Goods Orders Plunged in August
  
• New Home Sales Steady in August
  
• Richmond Fed Index Surprises to the Upside
  
• Consumer Confidence Surges Higher in September
  
• Case-Shiller Home Price Index Improves for 3rd Straight Month
  
• Philly Fed Index Improves in Sept, But Weakness Persists
  
• LEI Dips in August
  
• Exsiting Home Sales Improve in August
  
• Housing Starts Up in August, Permits Lower
  
• Homebuilder Confidence Up Again in Sept
  
• UofM Sentiment Surprises to Upside
  
• Industrial Production, Capacity Utilization Decline in August
  
• Retail Sales Improve In August
  
• CPI - Inflation In Line With Consensus
  
• PPI Hotter Than Expected in August
  
• Jobs Report Disappoints in August
  
• ADP Employment Surprises to the Upside Again in August
  
• Challenger Planned Job Cuts Hit 20-Month Low
  
• U.S. Productivity Improves, Labor Costs Steady
  
• Big Miss: Construction Spending Dives
  
• ISM Manufacturing Remains Weak in August

 

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