2018 Economic Calendar
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Chicago PMI  
Released On 12/28/2018 9:45:00 AM For Dec, 2018
 PriorConsensusConsensus RangeActual
Index66.4 62.4 57.9  to 65.9 65.4 
US 6-Mo ChartGlobal Current
performance relative to consensus

Consensus Outlook
Easing strength at a high level is the call for the Chicago PMI with the December consensus at 62.4 vs a robust 66.4 in November that exceeded Econoday's high forecast by 7 points. New orders in November surged to their best showing in 4-1/2 years with delivery times, in a sign of capacity constraints, the longest in 14-1/2 years.

Relative Performance Index

Econoday's RPI provides a handy summary measure of how an economy has recently been evolving relative to market expectations.
A reading above zero means that the economy in general has been performing more strongly than expected and vice versa for a reading below zero. The closer is the value to the maximum (+100) or minimum (-100) levels, the greater is the degree to which markets have been under- or over-estimating economic activity. A zero outturn would imply that, on average, the market consensus has been correct. Note too that the index is sensitized to place extra weight upon those indicators that investors consider to be the most important.

 

Definition
The Institute For Supply Management - Chicago compiles a survey and a composite diffusion index of business conditions in the Chicago area. Since October 2011, the survey has been conducted by Market News International. Manufacturing and non-manufacturing firms both are surveyed. Hence, it is not directly comparable to pure manufacturing surveys. Readings above 50 indicate an expanding business sector. Why Investors Care

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