G7 OECD Composite Lead Indicator and Global Manufacturing PMI This chart also suggests a pick-up in the global manufacturing PMI, after having been in contraction territory. Image: BofA Global Research
Stoxx Europe 600 and Europe Manufacturing PMI Is the Europe manufacturing PMI rebound in the cards? European stock markets remain bullish. Image: Goldman Sachs Global Investment Research
Yield Curve 10Y-2Y and U.S. ISM Manufacturing Index Chart suggesting that the 10Y-2Y spread (YoY) leads the U.S. ISM Manufacturing Index (YoY) by 18 months. U.S. PMI could bounce back in 2020. Image: Nordea and Macrobond
JPMorgan Global Manufacturing PMI The JPMorgan Global Manufacturing PMI rises to a seven-month high of 50.3, after having been in contraction territory. NBF Economics and Strategy
OECD LEI Tends to Lead Global Manufacturing PMI by 6 Months Chart suggesting a pick-up in the global manufacturing PMI. Image: Nordea and Macrobond
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…
U.S. ISM Non-Manufacturing Index (All History) History clearly shows that the current U.S. ISM Non-Manufacturing Index is also low. Image: Nordea and Macrobond
ISM Manufacturing Index and Credit Returns Across Economic Cycles Since 2004 If investors get the ISM Manufacturing right, they do well. Image: J.P. Morgan Asset Management
S&P 500 Performance 12-Months After ISM Manufacturing Index Below 50 for Four Months Since 1950, the S&P 500 has rallied 12-months later, 80% of the time, after the ISM Manufacturing Index was below 50 for four months, with an average return of 12%. Image: Arbor Research & Trading LLC
Global Manufacturing PMI and New Orders/Inventory Global Manufacturing PMI and new orders improved in November. Image: Morgan Stanley Research