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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
ChinaChina House Price Index MoM climbed to 6.0% in May 2013
FMPMonthlyReleased June 2013
China House Price Index MoM climbed to 6.0% in May 2013, released June 2013, up 1.1% from April's 4.9% reading.
Latest Release
6.000000
Actual
—
Consensus
4.900000
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/CNY | ▼ Inverse | −0.50 | FOREX | Moves against | → View |
| AUD/USD | ▲ Direct | +0.45 | FOREX | Moves with | → View |
| Copper | ▲ Direct | +0.40 | COMMODITIES | Moves with | → View |
| XAU/USD | ▲ Direct | +0.35 | COMMODITIES | Moves with | → View |
| EUR/USD | ▲ Direct | +0.30 | FOREX | Moves with | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
House Price Index MoM (China) was reported at 6% in June 2013. The reading rose from the previous value of 4.9%.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with USD/CNY (Bullish CNY). A secondary relationship exists with AUD/USD, positively correlated (Bullish AUD).
Auto-generated from current model state · Refreshes on each release · Last update June 2013.
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House Price Index MoM - CN
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About House Price Index MoM — China
DEFINITION
The House Price Index MoM (Month-over-Month) is a key financial indicator that measures the percentage change in the average selling price of residential properties in a given market from one month to the next. It provides valuable insights into the current state of the housing market and can help investors, policymakers, and individuals make informed decisions about buying or selling real estate. This indicator is widely used by economists and analysts to track trends and identify potential risks or opportunities in the housing sector.
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 (Jun 2013): actual 6 %.
WHAT'S NEXT
This indicator correlates most strongly with USD/CNY (Bullish CNY, r=-0.50) — a useful reference for forex-focused traders.
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EXPECTED ZONE
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