ISM PMIISM PMI for contrasting with BTC price. We develop this comparison to have a prediction on btc price.
Key data points
Last release
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Observation period
Oct 2024
Next release
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Forecast
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Highest
77.50 POINT on Jul 31, 1950
Lowest
29.40 POINT on May 31, 1980
About United States ISM Purchasing Managers Index (PMI)
The Manufacturing ISM Report On Business is based on data compiled from purchasing and supply executives nationwide. Survey responses reflect the change, if any, in the current month compared to the previous month. For each of the indicators measured (New Orders, Backlog of Orders, New Export Orders, Imports, Production, Supplier Deliveries, Inventories, Customers' Inventories, Employment and Prices), the report shows the percentage reporting each response, the net difference between the number of responses in the positive economic direction and the negative economic direction, and the diffusion index. A PMI reading above 50 percent indicates that the manufacturing economy is generally expanding; below 50 percent indicates that it is generally declining.
ISM Manufacturing & ISM Services PMI Combined show trigger levelISM Manufacturing and ISM Services PMI Combined 🪢
This week the ISM PMI's were released as follows:
🚨ISM Manufacturing PMI = 47.2 (contractionary)
✅ISM Services PMI = 51.5 (expansionary)
With both metrics offering mixed signals, I decided to make a chart that combines the ISM Manufacturing and
ISM Manufacturing PMI is below recession range of under 50The ISM Manufacturing PMI is below recession range of under 50, pointing to a contraction in the US manufacturing sector.
Market is not yet as healthy as the equity market would elude to.
Something to keep an eye on to check in on the health of the US economy
ISM Indices vs. GDP YoY% - Leading Economic IndicatorsBoth 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 lik
recovery of the manufacturing cycleAfter 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~Purchase Managers IndexMacro 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
PMI the last drop into march 2024The 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
Ominous Signals Possible Slowdown In EconomyThere 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 consequ
Will Commodities and Crypto catch up to current PMI readings?
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:
Market Cycle: BTC vs. ISM; (updated) 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 20
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