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Chicago PMI close
# Revised Better / Worse Units: index
Impact Actual Forecast Previous Time Date
Med 56.20 60.50 62.20 08:45 4/30


Kingsbury International, Ltd.


The business sentiment of purchasing managers across Illinois, Indiana, and Michigan.



Why should I care?

The report is considered a leading indicator of the country's economic health. Summarizing the opinions of purchasing managers on current business conditions, the PMI allows market analysts to better anticipate changes in the private sector.


The OlsenScale (SMQ)

The Olsen Scale quantifies the market activity according to the Scale of Market Quakes (SMQ).

Similar to the Richter scale which measures the release of seismic energy during an earthquake, the SMQ relates excessive pricing along various price and time scales to historical data by assigning a single number to it. On a constant basis, the scale therefore characterizes the state of the market.

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Released: Apr 30, 2012 8:45
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