Net Proportion of Global PMI with Positive 12-Month Change There are signs of a bottom in global PMIs: 12 out of 41 countries see a positive 12-month change. This is double the number from July 2019. Image: BofA Merrill Lynch Global Research
Global PMI and Real GDP Chart showing the correlation between global PMI and real GDP. Is the worst over for global PMI? Image: J.P. Morgan
U.S. 10-Year Yield Leads Global PMI This interesting chart suggests that the U.S. 10-year yield (2-year change) leads global PMI by 18 months. Source: Macrobond and Brandywine Global
Global PMI Cycles Interesting table showing global PMI cycles: if investors get the global PMI right, they do well. Image: Pervalle Global
GDP Weighted Global Central Bank Policy Rate vs. Global PMI This chart suggests that global policy rates are too tight compared to global PMI in contraction mode. Image: Pervalle Global
Longest Losing Streak for Global PMI Global PMI falls for 15 months in a row. New tariffs will certainly not help. Image: Charles Schwab
Global PMI vs. Global GDP The chart shows the strong correlation between global PMI and global GDP. Global PMI slides to lowest since 2016 and global GDP may have difficulty growing at a rate above 2% in the near future. Image: IHS Markit
Global PMI for Manufacturing Global PMI for manufacturing slides to lowest since 2012. Image: J.P. Morgan Asset Management
Global PMI vs. U.S. 10-Year Treasury Yield The chart suggests that the 10-year Treasury yield should be below 1.5%. Image: Pervalle Global
Global PMI & US ISM Manufacturing Indices This chart suggests that Global PMI Manufacturing Index leads US ISM Manufacturing Index by two months. Image: Capital Economics