Federal Reserve Money Supply M2 Leads Global Manufacturing PMI Chart suggesting that the Federal Reserve money supply M2 leads global manufacturing PMI by 18 months. Picture source: Nordea and Macrobond
Global Manufacturing PMI and Multi-Asset Portfolio Returns This chart suggests that markets have not taken into account this year’s growth and profits slump. Picture source: J.P. Morgan Asset Management
Global Manufacturing PMI Increased After 15 Months of Consecutive Declines Global manufacturing PMI continues to improve after 15 months of consecutive declines. Is the worst over for global PMI? Picture source: Goldman Sachs Global Investment Research
China and Taiwan Manufacturing PMI The charts suggest a bottom in the Chinese and Taiwanese cycle in early 2020. Historically, this has been positive for global equities. Picture source: Danske Bank
Global Manufacturing PMI Above 50 Is the worst over for global manufacturing PMI? This interesting chart shows the percentage of global manufacturing PMI above 50. Picture source: FactSet, IHS Markit, Charles Schwab
Central Bank Rate Cuts Leads Global Manufacturing PMI This chart suggests that the net number of central banks cutting rates leads global manufacturing PMI by 8 months. Picture source: J.P. Morgan
U.S. Markit Manufacturing PMI vs. U.S. ISM Manufacturing PMI The ISM Manufacturing PMI fell to 47.8 (contraction) in September, while the Markit Manufacturing PMI improved to 51.1 (expansion). Picture source: Renaissance Macro
Global Manufacturing PMI and MSCI Global Auto Index This chart shows the pretty good correlation between Global Manufacturing PMI and the MSCI Global Auto Index (YoY change). Picture source: J.P. Morgan
Is the Worst Over for Global Manufacturing PMI? The global manufacturing PMI shows the first monthly increase, after PMI ended 15 consecutive months of decline. Picture source: Goldman Sachs Global Investment Research
Taiwan Exports Lead Global Manufacturing PMI Interesting chart suggesting that Taiwan exports lead global manufacturing PMI by 3 months. Picture source: J.P. Morgan
