Friday, April 28, 2017

Chicago PMI increases in April

by Bill McBride on 4/28/2017 01:33:00 PM

Earlier, the Chicago PMI: April Chicago Business Barometer at 58.3 vs 57.7 in March

The MNI Chicago Business Barometer increased to 58.3 in April from 57.7 in March, the highest level since January 2015.

“The April Chicago report showcased another impressive month, with firms reporting solid growth. Rising demand and firm production led to a pick-up in hiring by firms. Although the employment indicator has been bumpy, in and out of contraction, if the current month’s rise is sustained, it could provide a boost to the labor market,” said Shaily Mittal, senior economist at MNI Indicators.
emphasis added
This was above the consensus forecast of 56.5.