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Economic Update: Chicago Purchasing Managers Index

The Chicago Purchasing Managers Index (PMI) for June was reported at 52.9, which was above the consensus expectations for a reading of 52.7.

Note that the overall reading remains well above the 50 level, which indicates the expansion continues in the region.

Prior Readings:

• 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
  
• August: 56.5
  
• July: 58.8
  
• June: 61.1

The New Orders component was reported at 51.9 vs. 52.9 in May (third consecutive monthly decline)

Prices Paid: 54.0 vs. 60.4

Employment: 60.4 vs. 57.0

Inventories: 53.5 vs. 49.4

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:

• US GDP Grew at +1.9% Rate in Q1
  
• Durable Goods Up for First Time in 3 Mos
  
• Richmond Fed Index Declines for Third Month
  
• Consumer Confidence Falls Again in June
  
• Case-Shiller Home Price Index Improves
  
• Chicago Fed National Activity Index Falls in May
  
• Existing Homes Sales Fall But Prices Rises
  
• LEI Rises in May: Points to "Muddle Through"
  
• Philly Fed Plunges in June
  
• Flash PMI in US Shows Manufacturing Growth Slowing
  
• Housing Starts Down But Permits Up Strong
  
• UofM's Consumer Sentiment also Weak
  
• Industrial Production and Capacity Utilization Below Expectations
  
• Empire Manufacturing Disappoints in June
  
• CPI Declines in May
  
• Business Inventories Above Expectations in April
  
• Retail Sales Fall Across Board in May
  
• PPI Shows Inflation Fell at Producer Level in May
  
• NFIB Small Business Optimism Pulls Back
  
• ISM Non-Manufacturing Index Above Expectations
  
• Some Good News: Employment Trend Index Moves Up
  
• May Jobs Report Disappoints Big Time
  
• ISM Report Shows Growth Slowing

 

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