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Update: Chicago PMI Corrected, Now Shows Increase for May

Shortly after FMI transmitted our analysis this morning, ISM-Chicago corrected their May report, changing the Chicago PMI from 55.2 to 59.4. Thus, instead of dropping -3 points this month, the index firmed a point, reaching a 2.5-year high.

Data Round-Up: May Regional Surveys Mixed But Healthy Overall

FMI’s analyses of today’s May Chicago Purchasing Managers and other Regional Business Surveys and a review of Fed Bank Discount Rate Requests in March-April, plus our Summary of data released in May and Schedule of major releases in June.

Data Round-Up: Real Consumption Likely Up +3% or More in 17Q2

FMI’s analyses of today’s April Personal Income & Consumption report, March S&P/Case-Shiller Home Price Index, and May Conference Board Consumer Confidence Index, as well as our Preview of the rest of this week’s major releases.

Data Round-Up: Durable Orders Stumble But Equipment Spending on Track for Decent 17Q2

FMI’s analyses of today’s April Durable Goods Orders and Second Report of 17Q1 GDP.

Trump Seeks Big Discretionary Budget Cut, Should Get Some

FMI’s commentary on the Trump budget unveiled this week.

Data Round-Up: Existing Homes Sales Dip in April, Trend Remains Positive

FMI’s review of this morning’s April Existing Homes Sales report.

Data Round-Up: Goods Trade Balance Deteriorates, Inventories Disappoint in April

FMI’s analysis of today’s April Advance Indicators (Goods-Trade, Retail & Wholesale Inventories) report as well as our review of the latest Weekly UI Claims & Rail Traffic results.

Data Round-Up: New Home Sales Retrench in April; Fed Bank Surveys Mixed in May

FMI’s analyses of today’s April New Home Sales, plus notes on today's May Richmond & Philadelphia Fed regional surveys.

FMI Weekly Data Preview: May 22-26

FMI’s Preview of this week’s notable data releases

Data Round-Up: 'Trump Bump' Persists, in Philadelphia at Least

FMI’s analyses of this morning’s May Philadelphia Fed Manufacturing Index and the latest Weekly UI Claims and Rail Traffic results.