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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
CanadaCanada Markit Manufacturing PMI fell to 55.5 in October 2020
FMPMonthlyReleased November 2020
Canada Markit Manufacturing PMI fell to 55.5 in October 2020, released November 2020, down 0.5 from September's 56 reading. The reading matched the 55.6 consensus. The print is running well above the 12-month average of 48.87. Over the past 3 months, Markit Manufacturing PMI averaged 55.7, vs 47.1 in the prior 3-month window. The reading is in the 87th percentile of the trailing 24-month range.
Latest Release
55.5
Actual
55.6
Consensus
56
Previous
Median Absolute Error
±1.2
across last 5 releases
Last Call
Nov 2020
Predicted: 55.6
Actual: 55.5
Error: +0.1
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/CAD | ▼ Inverse | −0.50 | FOREX | Bullish CAD | → View |
| CAD/JPY | ▲ Direct | +0.45 | FOREX | Bullish CAD | → View |
| WTI Crude | ▲ Direct | +0.40 | COMMODITIES | Watch | → View |
| EUR/CAD | ▼ Inverse | −0.35 | FOREX | Bullish CAD | → View |
| XAU/USD | ▲ Direct | +0.30 | COMMODITIES | Watch | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
The November 2020 reading fell from the previous value of 56. Over the last 5 releases, the Sigmanomics model has produced a median absolute forecast error of ±1.2. Historically, this indicator is negatively correlated with USD/CAD (Bullish CAD) and positively correlated with CAD/JPY (Bullish CAD).
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Markit Manufacturing PMI - CA
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