Friday, August 29, 2014 10:06:09 AM
Chicago PMI
Released On 8/29/2014 9:45:00 AM For Aug, 2014
Prior Consensus Consensus Range Actual
Business Barometer Index - Level 52.6 56.4 54.0 to 60.0 64.3
Highlights
The Chicago PMI moved from slight monthly expansion, 52.6 in July, to extreme monthly expansion for August, to 64.3. The August reading is the highest since a 65.5 spike in May.
Details of the report are released to paid subscribers only but a run down is published with production leading August's gain while the monthly gain in new orders is described as strong. The gain in backlog orders is also described as strong while supplier deliveries lengthened. Inventory accumulation was especially pronounced while prices paid edged up only slightly. Employment growth slowed.
Wild swings hint at small samples and can limit the usefulness of economic data. The Dow is moving to opening lows despite this report's big headline.
Released On 8/29/2014 9:45:00 AM For Aug, 2014
Prior Consensus Consensus Range Actual
Business Barometer Index - Level 52.6 56.4 54.0 to 60.0 64.3
Highlights
The Chicago PMI moved from slight monthly expansion, 52.6 in July, to extreme monthly expansion for August, to 64.3. The August reading is the highest since a 65.5 spike in May.
Details of the report are released to paid subscribers only but a run down is published with production leading August's gain while the monthly gain in new orders is described as strong. The gain in backlog orders is also described as strong while supplier deliveries lengthened. Inventory accumulation was especially pronounced while prices paid edged up only slightly. Employment growth slowed.
Wild swings hint at small samples and can limit the usefulness of economic data. The Dow is moving to opening lows despite this report's big headline.
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