August Chicago PMI slipped 1.9 points from July but still up 6.9 percent year-on-year

The MNI Chicago Business Barometer slipped to a three-month low of 63.6 in August, down 1.9 points from July's 65.5.  A softening in Supplier Deliveries, Order Backlogs and Employment offset gains in Production and New Orders, driving the decline in the Barometer. However, it still sits 6.9% higher on the year and continues to signal robust business conditions.

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July Chicago PMI rose to six-month high, prices paid index rises to 10-year high

The MNI Chicago Business Barometer rose to a six-month high of 65.5 in July, up 1.4 points from 64.1 in June, with the prices paid index rising to a 10-year high.

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June Chicago PMI rose to highest level since January

The MNI Chicago Business Barometer rose 1.4 points to 64.1 in June, up from 62.7 in May, hitting the highest level since January.

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December Chicago Business Barometer rises to highest level since March 2011

The MNI Chicago Business Barometer rose to 67.6 in December, up from 63.9 in November, closing the year at the highest level since March 2011.

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October Chicago Business Barometer rises to highest level since March 2011

The MNI Chicago Business Barometer rose to 66.2 in October, up from 65.2 in September, hitting the highest level since March 2011.

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Chicago Business Barometer fell sharply in July but still well into positive territory

The MNI Chicago Business Barometer fell to 58.9 in July from 65.7 in June, the lowest level in three months.  Each of the five Barometer components receded from last month but remained above their respective 12-month averages.

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June Chicago Business Barometer highest in over three years

The MNI Chicago Business Barometer rose to 65.7 in June from 59.4 in May, the highest level in over three years. Optimism among firms about business conditions rose for the fifth consecutive month. Four of the five Barometer components led June’s increase, with only Employment falling, albeit slightly. Successive rises in the barometer left the Q2 calendar quarter average at 61.1, significantly above Q1’s 55.1, and the highest level since Q2 2014.

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Manufacturing index rises slightly in May, price pressures slowing

The May PMI® registered 54.9 percent, an increase of 0.1 percentage point from the April reading of 54.8 percent. Comments from the panel generally reflect stable to growing business conditions, with new orders, employment and inventories of raw materials all growing in May compared to April. The slowing of pricing pressure, especially in basic commodities, should have a positive impact on margins and buying policies as this moderation moves up the value chain.

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Chicago PMI rose in June to highest level since January 2015

The PMI Chicago Business Barometer rose 7.5 points to 56.8 in June from 49.3 in May, the highest since January 2015, led by strong gains in New Orders and Production.

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Manufacturing sector index fell to 50.8 percent in April but still in positive territory

The April PMI registered 50.8 percent, a decrease of 1 percentage point from the March reading of 51.8 percent. 15 of 18 industries reported an increase in production in April (up from 12 in March).

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              THE LAST 12 MONTHS

Month	PMI®		Month	PMI®
Apr 2016	50.8		Oct 2015	49.4
Mar 2016	51.8		Sep 2015	50.0
Feb 2016	49.5		Aug 2015	51.0
Jan 2016	48.2		Jul 2015	51.9
Dec 2015	48.0		Jun 2015	53.1
Nov 2015	48.4		May 2015	53.1
Average for 12 months – 50.4 High – 53.1 Low – 48.0

BuilderBytes' MetroIntelligence Economic Update for 9/3/15

Please click here to see the edition of BuilderBytes for 9/3/15 on the Web.

In this issue of the MetroIntelligence Economic Update, I covered the following indicators:

• Private sector jobs grow by 190,000 in most recent ADP report
• Labor productivity growth rose sharply to 3.3 percent during second quarter of 2015
• Chicago PMI dipped in July but comments still reflect modest to strong growth
• Construction spending rose in July to over $1 trillion (annualized) for the first time since May 2008

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BuilderBytes' MetroIntelligence Economic Update for 9/1/15

Please click here to see the edition of BuilderBytes for 9/1/15 on the Web.

In this issue of the MetroIntelligence Economic Update, I covered the following indicators:

• Personal income and spending both continued to rise in July
• Chicago PMI dipped slightly in August but still indicates rebound in purchasing activity
• Consumer confidence takes a minor hit in late August due to stock market volatility

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BuilderBytes' MetroIntelligence Economic Update for 7/1/14

Please click here to see the edition of BuilderBytes for 7/1/14 on the Web.

In this issue of the MetroIntelligence Economic Update, I covered the following indicators:

• Consumer confidence gained in June despite drop in 1st quarter GDP
• Pending home sales jumped in May in all regions
• Chicago PMI slipped in June but index still indicates expansion
• Personal spending and income both rose in May

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BuilderBytes' MetroIntelligence Economic Update for 6/3/14

Please click here to see the edition of BuilderBytes for 6/3/14 on the Web.

In this issue of the MetroIntelligence Economic Update, I covered the following indicators:

• Personal income grew in April as personal spending dips
• Chicago PMI rises sharply in April as demand rebounds
• Manufacturing sector economy grew in May but supply of materials tightening
• May dip in consumer confidence mostly due to the harsh winter 

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BuilderBytes' MetroIntelligence Economic Update for 4/1/14

Please click here to see the edition of BuilderBytes for 4/1/14 on the Web.

In this issue of the MetroIntelligence Economic Update, I covered the following indicators:

• Consumer confidence remained unchanged in March despite difficult winter weather
• Personal income and spending both rise in February
• Chicago PMI fell sharply in March

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BuilderBytes' MetroIntelligence Economic Update for 10/2/13

Please click here to see the edition of BuilderBytes for 10/2/13 on the Web.

In this issue of the MetroIntelligence Economic Update, I covered the following indicators:

• Construction spending rose to four-year high in July
• Manufacturing sector expanded for fourth straight month in September
• Chicago PMI rose by 2.7 points in September even as employment declined

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BuilderBytes' MetroIntelligence Economic Update for 8/5/13

Please click here to see the edition of BuilderBytes for 8/5/13 on the Web.

In this issue of the MetroIntelligence Economic Update, I covered the following indicators:

• U.S. economy adds fewer jobs than forecast as wages fell
• Personal income rose less than expected in June
• Chicago PMI rises in July in challenging business environment
• Manufacturing sector activity expanded in July as conditions improve

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BuilderBytes' MetroIntelligence Economic Update for 6/3/13

Please click here to see the edition of BuilderBytes for 6/3/13 on the Web.

In this issue of the MetroIntelligence Economic Update, I covered the following indicator:

• Consumer confidence withstands Boston bombing
• Chicago PMI rises in May to highest reading since March 2012
• Personal income and savings rate flat in April as price index declines by 0.3%

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BuilderBytes' MetroIntelligence Economic Update for 5/31/13

Please click here to see the edition of BuilderBytes for 5/31/13 on the Web.

In this issue of the MetroIntelligence Economic Update, I covered the following indicators:

• Consumer confidence withstands Boston bombing
• Chicago PMI surges in May to highest reading since March 2012
• Personal income and savings rate flat in April as price index declines by 0.3%

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BuilderBytes' MetroIntelligence Economic Update for 5/8/13

Please click here to see the edition of BuilderBytes for 5/8/13 on the Web.

In this issue of the MetroIntelligence Economic Update, I covered the following indicator:

• Service economy growth slowed slightly in April
• Manufacturing sector growth dipped slightly in April but still up for 5th straight month
• U.S. trade deficit declined sharply in March as imports fall more than exports
• Chicago PMI fell to 3.5-year low in April

Want to advertise in the newsletter and reach over 130,000 readers? Contact National Sales Manager Nick Cosan at nkosan@penpubinc.com.