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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
AustraliaAustralia Judo Bank Manufacturing PMI climbed to 52.3 in January 2026
FMPMonthlyReleased February 2026
Australia Judo Bank Manufacturing PMI climbed to 52.3 in January 2026, released February 2026, up 0.7 from December's 51.6 reading. The reading matched the 52.4 consensus. Year-over-year, the indicator is up 1.7. Over the past 3 months, Judo Bank Manufacturing PMI averaged 51.75, vs 51.38 in the prior 3-month window. The reading is in the 91st percentile of the trailing 24-month range.
Latest Release
52.3
Actual
52.4
Consensus
51.6
Previous
Median Absolute Error
±0.29
across last 12 releases
Last Call
Feb 2026
Predicted: 52.25
Actual: 52.3
Error: -0.05
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 |
|---|---|---|---|---|---|
| XAU/USD | ▼ Inverse | −0.66 | COMMODITIES | Moves against | → View |
| S&P 500 | ▼ Inverse | −0.62 | INDEX | Moves against | → View |
| BTC/USD | ▼ Inverse | −0.52 | CRYPTO | Moves against | → View |
| S&P/ASX 200 | ▼ Inverse | −0.35 | INDEX | Moves against | → View |
| AUD/JPY | ▼ Inverse | −0.34 | FOREX | Moves against | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Judo Bank Manufacturing PMI (Australia) was reported at 51.50 in February 2026. The reading fell from the previous value of 52.30. Trailing 12-month context per ETL data through February 2026. Over the past 12 months, the indicator has averaged 51.57, ranging from 49.70 to 53.00 across 13 releases.
WHY IT MATTERS
The trailing three releases averaged 51.80, unchanged from the prior three. Volatility over the past year (σ 0.95) is lower than the prior year (σ 2.10). In February readings over the past 3 years, Judo Bank Manufacturing PMI has averaged 49.98.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with XAU/USD (Bearish XAU). A secondary relationship exists with S&P 500, negatively correlated (Bearish S&P 500). Over the last 12 releases, the Sigmacast model's median absolute error is 0.29.
WHAT TO WATCH NEXT
Same-country events in the next 14 days include CFTC AUD speculative net positions (Jul 31) and Ai Group Industry Index (Aug 4).
Auto-generated from current model state · Refreshes on each release · Last update February 2026.
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Judo Bank Manufacturing PMI - AU
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About Judo Bank Manufacturing PMI — Australia
DEFINITION
The Judo Bank Manufacturing PMI is a leading financial indicator that measures the performance of the manufacturing sector in a specific country. It provides valuable insights into the overall health and growth of the economy by tracking changes in production levels, new orders, employment, and supplier deliveries. This data is used by investors, businesses, and policymakers to make informed decisions and anticipate future economic trends. With its timely and accurate reporting, the Judo Bank Manufacturing PMI is a crucial tool for assessing the strength of the manufacturing industry and its impact on the broader economy.
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. Surprises against consensus can drive short-term moves, particularly when the print breaks an established trend. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Feb 2026): actual 51.5. Prior reading (Jan 2026): 52.3. Before that (Dec 2025): 51.6.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a similar reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bearish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary headwind in the current projection. This indicator correlates most strongly with XAU/USD (Bearish XAU, r=-0.66) — a useful reference for commodities-focused traders.
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Economic Calendar - AU Events
| Thursday, July 30, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 01:30 | AU | Building Permits MoM | 7.2 | -1.6 | -1 | 0.90 | Medium |
| 01:30 | AU | Import Price Index QoQ | 5.7 | 0.1 | 0 | 2.85 | Low |
| 01:30 | AU | Building Permits YoY | 8.9 | 5.5 | -0.1 | 1.10 | Low |
| 01:30 | AU | Import Prices QoQ | 5.7 | 0.1 | 0 | 2.85 | Low |
| 01:30 | AU | Private House Approvals MoM | 0.4 | 2.8 | -1 | -0.38 | Low |
| 01:30 | AU | Export Prices QoQ | 1.1 | 0.5 | 0.5 | 0.80 | Low |
| Friday, July 31, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 01:30 | AU | Housing Credit MoM | 0.6 | 0.6 | 0.5 | 0.55 | Low |
| 01:30 | AU | Producer Price Index YoY | 3.6 | 3 | 2.5 | 2.50 | Low |
| 01:30 | AU | Producer Price Index QoQ | 1.3 | 0.4 | 0.3 | 0.42 | Medium |
| 01:30 | AU | Private Sector Credit MoM | 0.8 | 0.7 | 0.6 | 0.70 | Low |
| 01:30 | AU | Private Sector Credit YoY | 8.5 | 8.2 | 8.2 | 8.35 | Low |