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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
BrazilBrazil HSBC Composite PMI fell to 47 in March 2015
FMPMonthlyReleased April 2015
Brazil HSBC Composite PMI fell to 47 in March 2015, released April 2015, down 4.3 from February's 51.3 reading. The reading missed the 49.5 consensus by 2.5. The print is running well below the 12-month average of 50.26. HSBC Composite PMI is now the lowest in 15 months.
Latest Release
47
Actual
49.5
Consensus
51.3
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 | Signal Bias | Action |
|---|---|---|---|---|---|
| USD/BRL | ▼ Inverse | −0.50 | FOREX | Bullish BRL | → View |
| EUR/USD | ▲ Direct | +0.30 | FOREX | Watch | → View |
| XAU/USD | ▲ Direct | +0.30 | COMMODITIES | Watch | → View |
| S&P 500 | ▲ Direct | +0.30 | INDEX | Watch | → View |
| BTC/USD | ▲ Direct | +0.30 | CRYPTO | Watch | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
HSBC Composite PMI (Brazil) was reported at 42.90 in June 2015. The reading fell from the previous value of 44.20.
WHY IT MATTERS
The indicator has been trending downward over the last three releases. The trailing three releases averaged 44.70, down from the prior three at 49.90.
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 (May 28) and Gross Domestic Product YoY (May 29).
Auto-generated from current model state · Refreshes on each release · Last update June 2015.
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HSBC Composite PMI - BR
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About HSBC Composite PMI — Brazil
DEFINITION
The HSBC composite PMI is a widely recognized financial indicator that measures the overall economic health of a country by combining the performance of both the manufacturing and services sectors. It provides valuable insights into the current state and future outlook of the economy, making it a crucial tool for investors, businesses, and policymakers. With its comprehensive and timely data, the HSBC composite PMI is a reliable source for assessing the overall economic activity and potential growth opportunities.
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 (May 2015): actual 42.9. Prior reading (Apr 2015): 44.2. Before that (Mar 2015): 47.
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.