Chicago PMI (Purchasing Managers Index)
Chicago PMI (Purchasing Managers Index)
This indicator is composed from a survey of purchasing managers in Chicago and includes data about the prices of the products manufactured and their reserves in warehouses. If the index volume goes below the level of 45 units it means that there are some negative shifts and the pace of economic development has decreased. A rise in the Chicago PMI leads to a rise in the US dollar. The Chicago PMI is very strong factor for the Forex market as it prepares the ground for the NAMP release predictions. It is published on the last day of every month at 10:00 EST (New York).
