FinanceandEconomicsDiscussionSeriesFederalReserveBoard,Washington,D.C.ISSN1936-2854(Print)ISSN2767-3898(Online)ManufacturingSentiment:ForecastingIndustrialProductionwithTextAnalysisTomazCajner,LelandD.Crane,ChristopherKurz,NormanMorin,PaulE.Soto,BetsyVrankovich2024-026Pleasecitethispaperas:Cajner,Tomaz,LelandD.Crane,ChristopherKurz,NormanMorin,PaulE.Soto,andBetsyVrankovich(2024).“ManufacturingSentiment:ForecastingIndustrialProductionwithTextAnalysis,”FinanceandEconomicsDiscussionSeries2024-026.Washington:BoardofGov-ernorsoftheFederalReserveSystem,https://doi.org/10.17016/FEDS.2024.026.NOTE:StaffworkingpapersintheFinanceandEconomicsDiscussionSeries(FEDS)arepreliminarymaterialscirculatedtostimulatediscussionandcriticalcomment.TheanalysisandconclusionssetfortharethoseoftheauthorsanddonotindicateconcurrencebyothermembersoftheresearchstaffortheBoardofGovernors.ReferencesinpublicationstotheFinanceandEconomicsDiscussionSeries(otherthanacknowledgement)shouldbeclearedwiththeauthor(s)toprotectthetentativecharacterofthesepapers.ManufacturingSentiment:ForecastingIndustrialProductionwithTextAnalysis∗TomazCajnerLelandD.CraneChristopherKurzNormanMorinPaulE.SotoBetsyVrankovichApril2024AbstractThispaperexaminesthelinkbetweenindustrialproductionandthesentimentex-pressedinnaturallanguagesurveyresponsesfromU.S.manufacturingfi...
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