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Finance Dictionary and Glossary of Investment Terms
Chicago Purchasing Managers Index (PMI)
Definition 1.
A regional manufacturing report released on the last day of the month. The purchasing managers'' reports are measured like the national NAPM - 50% marks the breakeven line between an expanding and contracting manufacturing sector. This survey can be of some help in forecasting the national NAPM due to its timeliness and the fact that this region represents a reasonable cross section of national manufacturing activities.Importance (A-F): This release merits a B. Source: Purchasing managers'' organizations and Federal Reserve banks. Release Time: The last business day of the month for the current month.
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