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Beige book – is the paper (compilation) issued by the US Federal Reserve System reporting about activity on all major branches of economy by each from twelve Federal reserve banks. The review describes labor and real estate market, agriculture and manufacturing, services sector, bank system and financial institutions, data on energy and natural resources. Official name of Beige book is the Summary of Commentary on Current Economic Conditions.
Popular article: Chicago PMI Definition
Purchasing Managers' Index of Chicago (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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