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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
GermanyGermany Markit/BME Manufacturing PMI fell to 53.6 in July 2016
FMPMonthlyReleased August 2016
Germany Markit/BME Manufacturing PMI fell to 53.6 in July 2016, released August 2016, down 0.2 from June's 53.8 reading. The reading matched the 53.5 consensus.
Latest Release
53.600000
Actual
53.500000
Consensus
53.800000
Previous
Median Absolute Error
±0.3
across last 12 releases
Last Call
Aug 2016
Predicted: 53.58
Actual: 53.6
Error: -0.02
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 |
|---|---|---|---|---|---|
| DAX | ▲ Direct | +0.55 | INDEX | Bullish DE | → View |
| EUR/USD | ▲ Direct | +0.50 | FOREX | Bullish EUR | → View |
| EUR/GBP | ▲ Direct | +0.40 | FOREX | Bullish EUR | → View |
| EUR/JPY | ▲ Direct | +0.40 | FOREX | Bullish EUR | → View |
| EUR/CHF | ▲ Direct | +0.35 | FOREX | Bullish EUR | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Markit/BME Manufacturing PMI (Germany) was reported at 53.60 in July 2016. This beat the market consensus of 53.50 by 0.10. The reading fell from the previous value of 53.80. This is classified as a medium-impact indicator released on a monthly basis.
WHY IT MATTERS
The trailing three releases averaged 53.70, up from the prior three at 51.73.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with DAX (Bullish DE). A secondary relationship exists with EUR/USD, positively correlated (Bullish EUR). Over the last 12 releases, the Sigmacast model's median absolute error is 0.31.
WHAT TO WATCH NEXT
Same-country events in the next 14 days include Unemployment Rate (May 29) and Unemployed Persons (May 29).
Auto-generated from current model state · Refreshes on each release · Last update August 2016.
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Markit/BME Manufacturing PMI - DE
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About Markit/BME Manufacturing PMI — Germany
DEFINITION
The Markit/BME Manufacturing PMI is a widely recognized financial indicator that measures the performance of the manufacturing sector in a specific country or region. It is based on a survey of purchasing managers in the sector, providing valuable insights into the current economic conditions and future outlook. This indicator is closely monitored by investors, analysts, and policymakers as it can provide key information on the overall health of the economy and potential changes in business activity.
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 (Aug 2016): actual 53.6, consensus 53.5. Prior reading (Jul 2016): 53.8. Before that (Jul 2016): 53.7.
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. This indicator correlates most strongly with DAX (Bullish DE, r=0.55) — a useful reference for index-focused traders.