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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
BrazilBrazil HSBC PMI Manufacturing fell to 49.7 in November 2013
FMPMonthlyReleased December 2013
Brazil HSBC PMI Manufacturing fell to 49.7 in November 2013, released December 2013, down 0.5 from October's 50.2 reading.
Latest Release
49.700000
Actual
—
Consensus
50.200000
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 PMI Manufacturing (Brazil) was reported at 49.70 in December 2013. The reading fell from the previous value of 50.20.
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 December 2013.
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HSBC PMI Manufacturing - BR
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About HSBC PMI Manufacturing — Brazil
DEFINITION
HSBC PMI Manufacturing is a widely recognized financial indicator that measures the performance of the manufacturing sector in a particular 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 closely monitored by investors, economists, and policymakers as it can indicate changes in economic activity and provide early signals of potential market trends. HSBC PMI Manufacturing is a reliable tool for assessing the current state of the manufacturing sector and making informed decisions in the financial world.
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 (Dec 2013): actual 49.7. Prior reading (Nov 2013): 50.2. Before that (Oct 2013): 49.9.
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 tailwind in the current projection. This indicator correlates most strongly with USD/BRL (Bullish BRL, r=-0.50) — a useful reference for forex-focused traders.