ISM Manufacturing PMI and ISM New Orders – Inventories

ISM Manufacturing PMI and ISM New Orders – Inventories The spread between U.S. ISM New Orders and Inventories does not suggest a promising upward trend in the ISM manufacturing PMI, as new orders are decreasing at a faster pace than inventories. Image: BofA Global Investment Strategy

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. The U.S. ISM Manufacturing Index in April stands at 49.2%, below the consensus forecast of 50.0%, which is indicative of a contraction in the manufacturing sector. Click the…

Global Manufacturing PMI

Global Manufacturing PMI The global manufacturing PMI has returned to expansion territory, indicating a positive trend in global manufacturing activity. This is a welcome sign for the global economy. Image: Goldman Sachs Global Investment Research

U.S. ISM Manufacturing PMI vs. S&P 500 EPS Growth

U.S. ISM Manufacturing PMI vs. S&P 500 EPS Growth A rise in the U.S. ISM manufacturing PMI is suggesting positive growth in 1Q EPS, with expectations of outperforming the initial projections. Image: BofA US Equity & Quant Strategy

U.S. ISM Manufacturing Index and U.S. GDP Growth

U.S. ISM Manufacturing Index and U.S. GDP Growth The large gap that currently exists between the U.S. ISM Manufacturing Index and U.S. real GDP will eventually close, as economic indicators tend to align over time. Image: Deutsche Bank Asset Allocation

U.S. Nonfarm Payrolls vs. U.S. ISM Manufacturing PMI

U.S. Nonfarm Payrolls vs. U.S. ISM Manufacturing PMI A reading below 50 on the ISM manufacturing index indicates a contraction in manufacturing activity, potentially affecting payrolls. However, the relationship between the index and actual payrolls is not straightforward. Image: BofA Global Investment Strategy

ISM Manufacturing Index and SOX Philadelphia Semiconductor Index

ISM Manufacturing Index vs. Semiconductors Semiconductors are discounting a substantial rise in the U.S. ISM Manufacturing PMI, which suggests a robust expansion in manufacturing activity and overall economic growth. Image: BofA Global Investment Strategy