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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
BrazilBrazil HSBC Manufacturing PMI fell to 46 in April 2015
FMPMonthlyReleased May 2015
Brazil HSBC Manufacturing PMI fell to 46 in April 2015, released May 2015, down 0.2 from March's 46.2 reading. The reading matched the 46.8 consensus. HSBC Manufacturing PMI has now declined for 4 consecutive months. Over the past 3 months, HSBC Manufacturing PMI averaged 47.9, vs 49.87 in the prior 3-month window. HSBC Manufacturing PMI is now the lowest in 16 months.
Latest Release
46
Actual
46.8
Consensus
46.2
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 Manufacturing PMI (Brazil) was reported at 45.90 in June 2015. The reading fell from the previous value of 46.00.
WHY IT MATTERS
The indicator has been trending downward over the last three releases. The trailing three releases averaged 46.03, down from the prior three at 50.17.
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 Manufacturing PMI - BR
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About HSBC Manufacturing PMI — Brazil
DEFINITION
HSBC Manufacturing PMI is a widely recognized financial indicator that measures the performance of the manufacturing sector in a specific country. It is based on a monthly survey of purchasing managers from various industries, providing valuable insights into the overall health and growth of the manufacturing industry. This indicator is used by investors, policymakers, and businesses to make informed decisions and assess the economic outlook of a country. With its timely and accurate data, HSBC Manufacturing PMI is a crucial tool for understanding the state of the manufacturing sector 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. 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 45.9. Prior reading (Apr 2015): 46. Before that (Mar 2015): 46.2.
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 USD/BRL (Bullish BRL, r=-0.50) — a useful reference for forex-focused traders.