Lahiri, Kajal; Monokroussos, George - In: International Journal of Forecasting 29 (2013) 4, pp. 644-658
We study the role of the well-known monthly diffusion indices produced by the Institute for Supply Management (ISM) in nowcasting current quarter US GDP growth. In contrast to the existing literature on ISM surveys, we investigate their marginal impact on these nowcasts when large unbalanced...