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PMI Forecasting with Shipping Demand Data

PMI series are leading indicators of economic health. We demonstrate that Causal AI can improve PMI forecasting by identifying causal relationships in Shipfix shipping data. This leads to a performance improvement of ~20% compared to IHS Markit forecasts alone.

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Using Shipfix’s shipping demand data, we demonstrate how Causal AI improves US and Chinese PMI forecasting by ~20% compared to IHS Markit forecasts alone.