U.S. ISM Manufacturing Index vs. U.S. Core CPI (Core Inflation Leading Indicator)

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…

S&P 500 and ISM Manufacturing Index

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

ISM Manufacturing Index vs. S&P 500 Index

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

U.S. ISM Recession Probability

U.S. ISM Recession Probability Chart showing that historically, a level greater than 44.5% has indicated a recession. Current U.S. ISM levels suggest a recession probability of 10%. Image: Pictet Asset Management

S&P 500 When ISM Manufacturing Index Rises Above 50

S&P 500 When ISM Manufacturing Index Rises Above 50 When the ISM Manufacturing Index rises above 50, U.S. Treasuries and the U.S. dollar tend to weaken, while the S&P 500 tends to rise. Image: Nordea and Macrobond

Global Equities Flows and ISM

Global Equities Flows and ISM Chart showing the correlation between global equities flows and ISM. Image: Goldman Sachs Global Investment Research