"Economists are pessimists: they've predicted 8 of the last 3 depressions."
--Barry Asmus

The Required Disclosures

The information presented in this blog and its individual articles is provided for informational use only and should not be considered investment advice or an offer for a particular security. The contents reflect the views and opinions of the individual writer as of the date the article was written and do not necessarily represent the views of the individual writer on the current date. They also do not in any way, shape, or form represent the views of the Firm Never-To-Be-Named. Any such views are subject to change at any time based upon market or other conditions and The Great Redoubt and its individual writers disclaim any responsibility to update such views. These views should not be relied on as investment advice, and because investment decisions for any security are based on numerous factors, may not be relied on as an indication of trading intent on behalf of any contributor to The Great Redoubt. Neither The Great Redoubt nor any individual author can be held responsible for any direct or incidental loss incurred by applying any of the information offered. Please consult your tax or financial advisor for additional information concerning your specific situation.

Thursday, March 31, 2011

Chicago PMI

The Chicago Purchasing Managers Index report is a report from the Chicago Institute for Supply Management that examines business conditions in the Windy City.  It's a report of modest importance, but investors and analysts like it as a strong regional indicator of general business activity.  It is also typically viewed as being representative of the overall economic health of the nation.
 
The core component of the Chicago PMI report is the Business Barometer Index.  In February, it came in at a seasonally adjusted 71.2, and the Econoday-surveyed analysts are expecting it to cool off a little.  They're looking for a level of 70.0.  The March report shows that the index did decline, coming in at a seasonally-adjusted level of 70.6 (which still beats expectations).
Posted by at

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)