The survey based monthly US ISM production index and Eurozone manufacturing PMI output index provide early information … Eurozone manufacturing PMI output index. I apply the method under different assumptions on the cross-sectional distribution of …

Indices (PMI) in anticipating US real economic activity. We conduct a fully-fledged real-time out-ofsample forecasting … indicators convey valuable information for assessing current economic conditions. The SPF clearly outperforms the PMI in … included in both surveys further improves the accuracy of both, the PMI and the SPF-based forecast. JEL Classification: E37, E …