Tracking the economy with the purchasing managers' index
AbstractThe purchasing managers' index is a widely watched but virtually untested indicator of manufacturing activity. This article examines how well the index lives up to its billing as a leading indicator. The author also explores whether the index supplies information about the economy beyond that already provided by other indicators.
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Bibliographic InfoArticle provided by Federal Reserve Bank of New York in its journal Quarterly Review.
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- Duca, John V., 2010.
"Did the Commercial Paper Funding Facility Prevent a Great Depression Style Money Market Meltdown?,"
29255, University Library of Munich, Germany, revised 22 Feb 2011.
- Duca, John V., 2013. "Did the commercial paper funding facility prevent a Great Depression style money market meltdown?," Journal of Financial Stability, Elsevier, vol. 9(4), pages 747-758.
- John V. Duca, 2011. "Did the commercial paper funding facility prevent a Great Depression-style money market meltdown?," Working Papers 1101, Federal Reserve Bank of Dallas.
- Valentina Aprigliano, 2011. "The relationship between the PMI and the Italian index of industrial production and the impact of the latest economic crisis," Temi di discussione (Economic working papers) 820, Bank of Italy, Economic Research and International Relations Area.
- Richard Deitz & Charles Steindel, 2005. "The predictive abilities of the New York Fed's Empire State Manufacturing Survey," Current Issues in Economics and Finance, Federal Reserve Bank of New York, vol. 11(Jan).
- Miller, Tom W. & Sabbarese, Donald, 2012. "An Economic Indicator for the State of the Economy in the Southeastern U.S," Journal of Regional Analysis and Policy, Mid-Continent Regional Science Association, vol. 42(1).
- Tsuchiya, Yoichi, 2014. "Purchasing and supply managers provide early clues on the direction of the US economy: An application of a new market-timing test," International Review of Economics & Finance, Elsevier, vol. 29(C), pages 599-618.
- Evan F. Koenig, 2002. "Using the Purchasing Managers' Index to assess the economy's strength and the likely direction of monetary policy," Economic and Financial Policy Review, Federal Reserve Bank of Dallas.
- Claudia Godbout & Jocelyn Jacob, 2010. "Le pouvoir de prévision des indices PMI," Discussion Papers 10-3, Bank of Canada.
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