S&P 500 and Manufacturing PMI

S&P 500 and Manufacturing PMI Morgan Stanley expects the S&P 500 to decline 10-20% by year-end 2021. Image: Morgan Stanley Research

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 increased to 59.9% in August. Click the Image to Enlarge

China Credit Impulse Leads Global Manufacturing PMI

China Credit Impulse Leads Global Manufacturing PMI China credit impulse tends to lead global manufacturing PMI by 12 months. Credit impulse is the change in new credit issued as a percentage of GDP. Image: Nordea and Macrobond