Let's consider Chicago PMI definition. Chicago PMI represents a summary report of surveying Chicago managers specializing in industrial purchases.
Obtained results allow evaluating current conditions of manufacturing orders, inventories as well as price dynamics in this manufacturing field.
Should the final value be under “45-50” level, it tells about negative economic tendencies.
This index is announced on a monthly basis on the last business day at 10:00 a.m EST (New York). Its market influence is strong, because forecast of PMI published later depend on the index. Growht of Chicago PMI is accompanies by consolidation of national currency.
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