June Chicago Purchasing Managers’ Index

Data Round-Up: Manufacturing Picking Up as 16Q2 Comes to an End

written by Michael Lewis on June 30, 2016

Regional manufacturing surveys, most of which recorded a solid start in early spring but then reversed course in May, finished the quarter on an upbeat note. We expect the national PMI to post a slight increase (out on Friday). This would be consistent with our forecast for a bit more than +2.5% real GDP growth in 16Q2.