Loading page content
Data from FMP. Forecasts by Sigmanomics Forecast Engine.
ChinaChina HSBC Manufacturing PMI climbed to 49.6 in June 2015
FMPMonthlyReleased June 2015
China HSBC Manufacturing PMI climbed to 49.6 in June 2015, up 0.4 from May's 49.2 reading. The reading matched the 49.4 consensus. Year-over-year, the indicator is down 1.2. Over the past 3 months, HSBC Manufacturing PMI averaged 49.16, vs 49.81 in the prior 3-month window. The reading is in the 38th percentile of the trailing 24-month range.
Latest Release
49.6
Actual
49.4
Consensus
49.2
Previous
Median Absolute Error
±0.34
across last 12 releases
Last Call
Jun 2015
Predicted: 49.39
Actual: 49.6
Error: -0.21
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/CNY | ▼ Inverse | −0.50 | FOREX | Bullish CNY | → View |
| AUD/USD | ▲ Direct | +0.45 | FOREX | Bullish AUD | → View |
| Copper | ▲ Direct | +0.40 | COMMODITIES | Watch | → View |
| XAU/USD | ▲ Direct | +0.35 | COMMODITIES | Watch | → View |
| EUR/USD | ▲ Direct | +0.30 | FOREX | Watch | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
HSBC Manufacturing PMI (China) was reported at 49.40 in July 2015. The reading rose from the previous value of 49.20. This is classified as a medium-impact indicator released on a monthly basis.
WHY IT MATTERS
The trailing three releases averaged 49.40, up from the prior three at 49.07.
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). Over the last 12 releases, the Sigmacast model's median absolute error is 0.34.
WHAT TO WATCH NEXT
Same-country events in the next 14 days include Loan Prime Rate 5Y (Jun 22) and Loan Prime Rate 1Y (Jun 22).
Auto-generated from current model state · Refreshes on each release · Last update July 2015.
SHARE
HSBC Manufacturing PMI - CN
Loading chart data...
About HSBC Manufacturing PMI — China
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. Surprises against consensus can drive short-term moves, particularly when the print breaks an established trend. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Jun 2015): actual 49.4. Prior reading (Jun 2015): 49.6. Before that (May 2015): 49.2.
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 bullish 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/CNY (Bullish CNY, r=-0.50) — a useful reference for forex-focused traders.