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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
AustriaAustria PMI Manufacturing fell to 54.1 in December 2013
FMPMonthlyReleased December 2013
Austria PMI Manufacturing fell to 54.1 in December 2013, down 0.2 from November's 54.3 reading.
Latest Release
54.100000
Actual
—
Consensus
54.300000
Previous
Sigmacast Track Record
Sigmacast track record will appear here once this indicator has been released 3+ times since Sigmanomics began tracking.
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Co-movement | Action |
|---|---|---|---|---|---|
| EUR/USD | ▲ Direct | +0.30 | FOREX | Moves with | → View |
| USD/JPY | ▼ Inverse | −0.30 | FOREX | Moves against | → View |
| XAU/USD | ▲ Direct | +0.30 | COMMODITIES | Moves with | → View |
| S&P 500 | ▲ Direct | +0.30 | INDEX | Moves with | → View |
| BTC/USD | ▲ Direct | +0.30 | CRYPTO | Moves with | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
PMI Manufacturing (Austria) was reported at 54.10 in December 2013. The reading fell from the previous value of 54.30.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with BTC/USD (Watch). A secondary relationship exists with USD/JPY, negatively correlated (Watch).
Auto-generated from current model state · Refreshes on each release · Last update December 2013.
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PMI Manufacturing - AT
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About PMI Manufacturing — Austria
DEFINITION
PMI Manufacturing, or Purchasing Managers' Index for Manufacturing, is a widely used economic indicator that measures the health of the manufacturing sector in a country. It is based on a survey of purchasing managers from various industries, and provides insight into factors such as production levels, new orders, and employment trends. A PMI score above 50 indicates expansion in the manufacturing sector, while a score below 50 suggests contraction. This indicator is closely monitored by investors, policymakers, and businesses as it can provide valuable information about the overall economic outlook and potential changes in consumer demand.
WHY THIS INDICATOR MATTERS
Sentiment surveys are forward-looking inputs that often lead hard data on output and hiring. Sharp swings can drive cross-asset repricing. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Dec 2013): actual 54.1.
Σ
EXPECTED ZONE
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