Chicago purchasing managers index 57.7 vs 56.9 est

Better than expectations.

The Chicago PMI index for the month of March comes in at 57.7 vs estimate of 56.9. It is also think higher than last months 57.4.  The level is the highest since January 2015.

The index has a ssw tooth pattern but moving higher and comfortably above the 50 level that is the dividing line between growth and contraction in the Manufacturing sector.  

The 3 mo rolling average is 55.1 up from 53.9 last month.

The 6M rolling average is 54.7 up form 54.1 last month.

Stocks have gotten a small boost after the data. The USDJPY is little changed.  Overall not much impact.

Chicago purchasing managers index 57.7 vs 56.9 est
Chicago purchasing managers index 57.7 vs 56.9 est
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