NAPM-Chicago market events: Index
Definition
The National Association of Purchasing Management - Chicago compiles a survey and a composite diffusion index of manufacturing conditions in the Chicago area whose distribution of manufacturing firms mirrors the national distribution. Readings above 50 percent indicate an expanding factory sector. The NAPM - Chicago is considered a leading indicator of the ISM manufacturing index.
Why Investors Care
Released on 7/31/02 For Jul 2002
NAPM-Chicago
Consensus 57.0 %
Prices Paid Index
Consensus N/A
Consensus Notes
The NAPM-Chicago index is predicted to edge down to 57 in July from a level of 58.2 in June. Any level above 50 percent still reflects an expanding manufacturing sector. However, the downward trend in the index may have a negative impact on psychology these days since investors are so skittish. (Forecast range: 55.5 to 59.0)
The PMAC Survey registers factory activity in the Chicago region. Investors care about this indicator because the Chicago region mirrors the nation in its distribution of manufacturing activity. Consequently, the PMAC survey often moves together with the NAPM survey, but is reported one day in advance.
Data Source: Haver Analytics
Definition
The National Association of Purchasing Management - Chicago compiles a survey and a composite diffusion index of manufacturing conditions in the Chicago area whose distribution of manufacturing firms mirrors the national distribution. Readings above 50 percent indicate an expanding factory sector. The NAPM - Chicago is considered a leading indicator of the ISM manufacturing index.
Why Investors Care
Released on 7/31/02 For Jul 2002
NAPM-Chicago
Consensus 57.0 %
Prices Paid Index
Consensus N/A
Consensus Notes
The NAPM-Chicago index is predicted to edge down to 57 in July from a level of 58.2 in June. Any level above 50 percent still reflects an expanding manufacturing sector. However, the downward trend in the index may have a negative impact on psychology these days since investors are so skittish. (Forecast range: 55.5 to 59.0)
The PMAC Survey registers factory activity in the Chicago region. Investors care about this indicator because the Chicago region mirrors the nation in its distribution of manufacturing activity. Consequently, the PMAC survey often moves together with the NAPM survey, but is reported one day in advance.
Data Source: Haver Analytics
