Global Manufacturing vs. Service Sector

Global Manufacturing vs. Service Sector This chart shows that the global manufacturing sector is in recession, while the service sector is doing well. Picture source: Deutsche Bank Global Research

Global Manufacturing PMI and MSCI World Index

Global Manufacturing PMI and MSCI World Index The chart shows a pretty good correlation between Global Manufacturing PMI and the MSCI World Index. Stocks and PMI tend to move together. Picture source: Charles Schwab

Global Manufacturing PMI Leads Earnings

Global Manufacturing PMI Leads Earnings The chart suggests that Global Manufacturing PMI leads earnings by 9 months. Picture source: Charles Schwab

Global Manufacturing PMIs – USA vs. Rest of the World

Global Manufacturing PMIs – USA vs. Rest of the World Global ex-US manufacturing PMI is below 50 (contraction). We will see if the United States can go it alone in the coming months. You may also like “ISM Manufacturing Index vs. S&P 500 Index since 2011“ Picture source: Topdown Charts

Global PMI for Manufacturing

Global PMI for Manufacturing Global PMI for manufacturing slides to lowest since 2012. Picture source: J.P. Morgan Asset Management

Global PMI & US ISM Manufacturing Indices

Global PMI & US ISM Manufacturing Indices This chart suggests that Global PMI Manufacturing Index leads US ISM Manufacturing Index by two months. Picture source: Capital Economics

200D Change in Yield Curve 30Y-10Y Leads U.S. ISM Manufacturing Index

200D Change in Yield Curve 30Y-10Y Leads U.S. ISM Manufacturing Index This excellent chart suggests that 200-Day Change in Yield Curve 30-Year minus 10-Year spread leads ISM Manufacturing Index by 16 months. It suggests that U.S. PMI could be below 50 in 3Q19, and could bounce back in 2020. Picture source: Fundstrat Global Advisors, LLC

American Semiconductor Sales Lead ISM Manufacturing Index

American Semiconductor Sales Lead ISM Manufacturing Index by 3 Months This chart shows that the downtrend in American semiconductor sales is currently worrying. You may also like “ISM Manufacturing Index vs. S&P 500 Index since 2011.” Picture source: Deutsche Bank Global Research