S&P Global flash PMIs. The earliest monthly read on the global cycle.
What to watch: Composite; US, Eurozone, UK, Japan. It arrives monthly (flash then final), and the effect typically lasts days.
It sits in tier 2 — Directional: Moves the index for days or weeks. Scheduled data releases, policy decisions, global spillovers, and the prices of money and energy. This is the tier most professional attention is spent on.
Its neighbourhood
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Also in Growth and activity
- GDP and recession risk
- ISM manufacturing PMI
- ISM services PMI
- Regional Fed manufacturing surveys
- Industrial production and capacity utilisation
- Durable goods and core capital goods orders
- Leading Economic Index
- Productivity and unit labour costs
- Trucking tonnage and freight indices
- Port container volumes and rail carloads