Last Update: 23-Nov-15 17:57 ET
- The Chicago PMI increased to 56.2 in October from 48.7 in September. The Briefing.com Consensus expected the Chicago PMI to increase to 49.0.
- That was the best reading in the Chicago PMI since reaching 59.4 in January.
- The Production Index increased to 63.4 in October from 43.6 in September. That was the largest one-month gain since August 2014.
- The contraction in new orders ended after one month as the related index increased to 59.4 in October from 49.5 in September. Backlogs, however, remained weak. That index, which has been in as steady contraction since January, declined to 45.5 in October from 46.5 in September.
- The Employment Index declined to 50.6 in October from 52.3 in September.
- The Chicago PMI has little overall economic value, and is only watched by the financial markets because it is usually released one day in advance of the similar national ISM manufacturing survey. A significant move in this regional survey will therefore sometimes be seen as having predictive value for the ISM index.