ISM Manufacturing Index vs. Richmond Fed Survey

ISM Manufacturing Index vs. Richmond Fed Survey The Richmond Fed survey suggests that the ISM Manufacturing Index could plunge to 45, but the Empire State Manufacturing Survey is a better predictor over the past two years. Picture source: Lohman Econometrics

ISM Manufacturing Index vs. Predictors

ISM Manufacturing Index vs. Predictors The chart shows that the Empire State Manufacturing Survey is a better predictor of the ISM Manufacturing Index over the past two years. Picture source: Nordea and Macrobond