9 European stocks use the Global Manufacturing PMI signal. When PMI falls below 49, industrial confidence contracts and all 9 typically de-rate. When PMI recovers above 53.5, the entire industrial cycle accelerates. Here is how the 2015–2016 PMI cycle compared.
| # | Stock | Exchange | Return | Duration | Cycle | Analysis |
|---|---|---|---|---|---|---|
| 1 | KingspanKRX | Dublin | 13 mnd | Oct 2015 → Nov 2016 | Read → | |
| 2 | DSVDSV | Copenhagen | 13 mnd | Oct 2015 → Nov 2016 | Read → | |
| 3 | CRHCRH | Dublin | 13 mnd | Oct 2015 → Nov 2016 | Read → | |
| 4 | Smurfit WestRockSW | Dublin | 13 mnd | Oct 2015 → Nov 2016 | Read → | |
| 5 | HeidelbergMaterialsHDMG | Frankfurt | 13 mnd | Oct 2015 → Nov 2016 | Read → | |
| 6 | StellantisSTLA | Amsterdam | 13 mnd | Oct 2015 → Nov 2016 | Read → | |
| 7 | SKFSKF-B | Stockholm | 13 mnd | Oct 2015 → Nov 2016 | Read → | |
| 8 | Saint-GobainSGO | Paris | 13 mnd | Oct 2015 → Nov 2016 | Read → | |
| 9 | BMWBMW | Frankfurt | 13 mnd | Oct 2015 → Nov 2016 | Read → |
The PMI signal produces more uniform returns than commodity signals — the spread from +34% (Saint-Gobain) to +58% (Kingspan) is narrower than in the oil or copper cycles. This reflects the more diversified revenue bases of PMI companies. Kingspan's outperformance reflects its data centre exposure — a structural tailwind that amplified the cyclical PMI recovery in 2016.
Signycle Pro monitors all 18 signals in real time and emails you the moment a cycle threshold is crossed.
Join the Pro waitlist →