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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
BrazilBrazil Factory Utilization fell to 80.6% in April 2015
FMPMonthlyReleased June 2015
Brazil Factory Utilization fell to 80.6% in April 2015, released June 2015, down 0.2% from March's 80.8% reading. The reading matched the 80.0% consensus.
Latest Release
80.6
Actual
80
Consensus
80.8
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 |
|---|---|---|---|---|---|
| USD/BRL | ▼ Inverse | −0.50 | FOREX | Moves against | → View |
| EUR/USD | ▲ Direct | +0.30 | FOREX | Moves with | → 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
Factory Utilization (Brazil) was reported at 76.9% in June 2016. The reading fell from the previous value of 77.4%.
WHY IT MATTERS
The indicator has been trending downward over the last three releases.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with USD/BRL (Bullish BRL). A secondary relationship exists with BTC/USD, positively correlated (Watch).
WHAT TO WATCH NEXT
Same-country events in the next 14 days include Unemployment Rate (Aug 27) and Gross Domestic Product MoM (Aug 28).
Auto-generated from current model state · Refreshes on each release · Last update June 2016.
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Factory Utilization - BR
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About Factory Utilization — Brazil
DEFINITION
Factory Utilization is a financial indicator that measures the percentage of a factory's total production capacity that is currently being utilized. It provides insight into the efficiency and productivity of a factory and can be used to assess the overall health of the manufacturing sector. A high factory utilization rate indicates strong demand for goods and a well-functioning production process, while a low rate may suggest a slowdown in economic activity. This indicator is closely monitored by investors, economists, and policymakers as it can provide valuable information about the state of the economy.
WHY THIS INDICATOR MATTERS
This release contributes to the broader macro picture used by cross-asset investors for positioning and risk management. 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 (Apr 2016): actual 76.9 %. Prior reading (Mar 2016): 77.4 %. Before that (Apr 2015): 80.6 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a lower 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 USD/BRL (Bullish BRL, r=-0.50) — a useful reference for forex-focused traders.
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EXPECTED ZONE
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