Both ISM Manufacturing Index and Non-Manufacturing Index vs. GDP YoY% for the US economy.
ISM Manufacturing: Yellow
ISM Non-Manufacturing: Blue
GDP YoY%: Green/Red
ISM Manufacturing currently signaling contraction with a level below 50 and the momentum seems lower.
Non-Manufacturing Index is likely to follow the same path although currently signaling growth,...
After more than a year of manufacturing PMI stay below 50, meaning the manufacture activity is below average, recently (start Oct 2023) the manufacturing PMI seems recovering in US, UK, France, Italy, Greece. and if manufacturing is getting better, oil demand should be elevated and so the oil price.
Macro Monday 13
ISM Purchasing Managers Index
The ISM Purchasers Managers Index (PMI) measures month over month change in economic activity within the manufacturing sector.
The PMI is a survey-based indicator that is compiled and released each month by the Institute for Supply Management (ISM). The survey is sent to senior executives at more than 400...
The chart posted is the PMI and the green up arrows are when the PMI turned up . What also happened was the stock market began rather strong up moves at or within 60 days of the Up turn. The pmi is telling me we have been in a RECESSION and the treasury to mask the recession as been funding the Quarterly with T Bill .I look for the drop in the markets rather...
There are several economic indicators showing ominous signals that the economy may be slowing down specifically in the manufacturing sector and here is why.
The ISM Manufacturing PMI has been contracting in recent months signaling there is a slowdown in manufacturing which can have several consequences including slower economic growth, job losses and a decrease...
PMI readings (services and manufacturing are in an uptrend
Stocks and Gold are in line with current PMI readings (e.g. services PMI)
Commodities (WTI/Oil) and Crypto are lagging behind and may catch up to current PMI readings
YoY%-Changes of all assets are shown in the following chart:
Disclaimer: this is not investment advice. You are responsible for...
BTC cycle low precedes the ISM cycle low by about 1 year, while the BTC and ISM cycle highs occur at roughly the same time within the market cycle. Presumably, the cycle highs are approximately coincident due to increased liquidity associated with QE?
ISM is moving higher after the dip in June 2023. If the dip in June 2023 turns out to be the low for the ISM...
BTC cycle low precedes the ISM cycle low by about 1 year, while the BTC and ISM cycle highs occur at roughly the same within the market cycle. Presumably, the cycle highs are roughly coincident due to increased liquidity associated with QE?...
The ISM currently stands at 46.3%, signaling a contraction.
Business activity is implying that rising interest rates and growing recession fears are starting to weigh on businesses. The reading pointed to a fifth straight month of contraction in factory activity, as companies continue to slow outputs to better match demand for the first half of 2023 and prepare...
