Report
Update: Chicago PMI Corrected, Now Shows Increase for May
posted by Michael Lewis on May 31, 2017
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Headline
This switch adds some modest upside risk to our forecast for a 54.5 national PMI in tomorrow's report, but our overall analysis stands. The economy is continuing to show healthy expansion.
Abstract
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.
About Michael Lewis
Mike Lewis founded Free Market Inc. (FMI) in 1982 as a full-service economic consulting firm, providing insights and in-depth data analysis primarily for institutional money managers and corporate planning directors.
FMI has compiled a solid record of timely, independent and accurate economic forecasts. FMI blends its unique analysis of indicators and experience with economic cycles into a consistent overall outlook. They offer both a comprehensive overview and in-depth detail that enable clients to integrate FMI’s insights into their decision-making process.
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