September Chicago Purchasing Managers Index At 60.4
(For September 2010)
Chicago Purchasing Managers Index was reported at 60.4. The consensus was at 55.5, prior reading at 56.7. First manufacturing survey above consensus and pointing to expansion.
Richmond FED Manufacturing, Dallas Fed Manufacturing, Empire State Manufacturing and Philadelphia FED General Business Conditions Index all point to lower ISM manufacturing while Chicago pints to higher ISM Manufacturing.
Richmond FED Manufacturing, Dallas Fed Manufacturing and Empire State Manufacturing deteriorated in September while Philadelphia FED improved, but remained in negative territory.
ISM Manufacturing s scheduled to be released on Friday.
Chart 1. ISM vs. Richmond FED, Dallas FED, Philadelphia FED, Empire State Manufacturing Surveys and Chicago PMI
Source: Bloomberg
Chicago Purchasing Managers Index, Dallas FED Manufacturing Activity, Empire State Manufacturing Survey, ISM Manufacturing Index, Philadelphia Fed General Business Conditions Index, Richmond FED Manufacturing Survey