U.S. ISM Manufacturing PMI vs. Philly Fed Futures Orders (Leading Indicator) Will the ISM Manufacturing PMI fall further, as a recession is looming in the United States? Image: Topdown Charts
Philly Fed Future Nominal Orders vs. S&P 500 12-Months Forward EPS (Leading Indicator) A severe contraction in earnings growth should hurt U.S. stocks in 2023. Image: Nordea and Macrobond
Philly Fed State Coincident Index and U.S. Recessions Recession risks are increasing in the United States. Image: Deutsche Bank
Philly Fed Manufacturing Index and Empire State Manufacturing Survey and ISM Manufacturing Index Despite the coronavirus, both regional PMIs suggest an increase in U.S. ISM manufacturing this month. Image: Swedbank Research
Philly Fed Leading Index and Recession The Philly Fed Leading Index for the United States suggests that the U.S. economy is still in expansion mode over the next 6 months. Image: Federal Reserve Bank of Philadelphia
Philly Fed Business Outlook Survey Leads Real U.S. GDP Growth Chart suggesting that the Philly Fed Business Outlook Survey leads real U.S. GDP growth by 3 months. Image: Morgan Stanley Research
ISM Manufacturing Index vs. Philly Fed Today, the Philadelphia Federal Reserve Manufacturing Index at 21.8 suggests that the ISM Manufacturing Index should remain above 50. Image: Nordea and Macrobond
Philadelphia Fed Manufacturing Index vs. U.S. ISM Manufacturing PMI The Philly Fed Manufacturing Index could lead to a further dip in the ISM Manufacturing PMI. Image: The Daily Shot
Philadelphia Fed Survey vs. S&P 500 Earnings Growth Rate The bear market bottom is probably not yet in as the Philly Fed survey suggests an earnings recession is highly likely. Image: Real Investment Advice
Correlation Between U.S. ISM Manufacturing Index and Regional Indexes This chart shows the quite good correlation between the U.S. ISM Manufacturing Index and regional indexes (Philly Fed, Dallas Fed, Richmond Fed, and NY Empire). Image: Saxo Bank