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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
Czech RepublicCzech Republic HSBC Manufacturing PMI climbed to 56.9 in June 2015
FMPMonthlyReleased July 2015
Czech Republic HSBC Manufacturing PMI climbed to 56.9 in June 2015, released July 2015, up 1.4 from May's 55.5 reading. The reading matched the 55.3 consensus. HSBC Manufacturing PMI has now risen for 3 consecutive months. Over the past 3 months, HSBC Manufacturing PMI averaged 55.1, vs 55.28 in the prior 3-month window. HSBC Manufacturing PMI is now the highest in 12 months.
Latest Release
56.9
Actual
55.3
Consensus
55.5
Previous
Median Absolute Error
±1.54
across last 12 releases
Last Call
Jul 2015
Predicted: 55.1
Actual: 56.9
Error: -1.8
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 |
|---|---|---|---|---|---|
| EUR/USD | ▲ Direct | +0.30 | FOREX | Watch | → View |
| USD/JPY | ▼ Inverse | −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 (Czech Republic) was reported at 56.90 in July 2015. This beat the market consensus of 55.30 by 1.60. The reading rose from the previous value of 55.50.
WHY IT MATTERS
The indicator has been trending upward over the last three releases. The trailing three releases averaged 55.70, down from the prior three at 55.93.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with BTC/USD (Watch). A secondary relationship exists with USD/JPY, negatively correlated (Watch). Over the last 12 releases, the Sigmacast model's median absolute error is 1.54.
Auto-generated from current model state · Refreshes on each release · Last update July 2015.
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HSBC Manufacturing PMI - CZ
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About HSBC Manufacturing PMI — Czech Republic
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 (Jun 2015): actual 56.9, consensus 55.3. Prior reading (May 2015): 55.5. Before that (Apr 2015): 54.7.
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 tailwind in the current projection.