U.S. ISM Manufacturing New Orders Index and U.S. GDP (Leading Indicator) The U.S. ISM Manufacturing New Orders Index is at the lowest level since 2009 and tends to lead U.S. GDP by 5 months. Image: Nordea and Macrobond
S&P 500 Ratio to 200 DMA and ISM Manufacturing PMI As the chart suggests, the S&P 500 is pricing a recession. Image: Deutsche Bank Asset Allocation
Tourism as a Share of GDP in Different Countries The spread of coronavirus in Europe could affect its tourism industry. Image: Deutsche Bank Global Research
ISM Manufacturing Index vs. S&P 500 Index This chart shows the correlation between the ISM manufacturing index and the S&P 500 index year-over-year percent change, since 2011. U.S. ISM Manufacturing Index increased to 50.9 in January. Keep in mind that it is a survey. Click the Image to Enlarge
ISM Manufacturing Index vs. S&P 500 Cash Flow Chart showing the correlation between S&P 500 cash flow and the ISM Manufacturing Index. Image: Raoul Pal
Philly Fed Manufacturing Index and Empire State Manufacturing Survey and ISM Manufacturing Index Despite the coronavirus, both regional PMIs suggest an increase in U.S. ISM manufacturing this month. Image: Swedbank Research
U.S. ISM Manufacturing Index vs. U.S. Core CPI (Core Inflation Leading Indicator) US annual core CPI in November stayed unchanged at 2.3%. This chart suggests that the U.S. ISM Manufacturing Index leads U.S. Core CPI by 24 months. You may also like “ISM Manufacturing Index vs. S&P 500 Index” and “U.S. Core Inflation Expected Over…
Economy – Where People Are Losing Faith in Capitalism? Some countries appear to have more confidence in capitalism than others. Image: Statista
ISM Manufacturing Index vs. ISM Non-Manufacturing Index The ISM Non-Manufacturing Index increased to 55.5% in January and suggests faster expansion in January than in December. Image: Oxford Economics
S&P 500 and ISM Manufacturing Index In recent history, when the ISM Manufacturing Index rose above 50, the S&P500 rose by about 2% on average over the next 3 months Image: Nordea and Macrobond