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“ Image: Topdown Charts
Commodities – Global Manufacturing Output PMI vs. Bloomberg Commodity Index Will commodity prices decline in 2023 amid slowing global demand? Image: TS Lombard
Markets – Financial Conditions, Global Manufacturing, PMI, S&P 500, U.S. Dollar, 10-Year UST Yield and Fed Fund Rates Should investors brace for tighter financial conditions in 2022? Image: BCA Research
Interest Rates – Rate Hikes vs. Rate Cuts and Global PMI Manufacturing Global manufacturing PMI levels are screaming for policy tightening. Image: Nordea and Macrobond
Global PMI Manufacturing and Rolling Yearly Change in the Balance Sheet (FED, ECB, BoJ, PBOC) This chart shows the correlation between the change in global liquidity and the global PMI manufacturing. Image: Swedbank Research
ISM Manufacturing Index vs. Chicago PMI Index The Chicago PMI Index fell to 44.4 in July suggesting a weakness in the ISM Manufacturing Index. Image: Nordea and Macrobond
World PMI Manufacturing Most regions are now in contraction territory, except the United States. Image: Pictet Wealth Management
Manufacturing Payrolls vs. ISM PMI Manufacturing payrolls are usually quite volatile, but this interesting chart could suggest a rebound in the ISM PMI. Let’s wait for confirmation in the second half of the year. Image: Hayek and Keynes
Global PMI for Manufacturing Global PMI for manufacturing slides to lowest since 2012. Image: J.P. Morgan Asset Management
Global PMI & US ISM Manufacturing Indices This chart suggests that Global PMI Manufacturing Index leads US ISM Manufacturing Index by two months. Image: Capital Economics
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