Chicago PMI - release 9:45

From Marketwatch

Chicago PMI index moves higher in Jan.

WASHINGTON (MarketWatch) -- Manufacturing activity accelerated in the Chicago region in January, according to media reports of the purchasing managers index for the Chicago region released on Friday. The Chicago purchasing managers index rose to 61.5% from 58.7% in December. Readings over 50% indicate overall business expansion. The Chicago PMI is considered a leading indicator to the national Institute for Supply Management manufacturers' survey for January to be released on Monday. Economists expect the January ISM manufacturing composite to increase to 56.0 from a revised December reading of 54.9.