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Hong Kong Markit PMI fell to 51.7 in September 2021, released October 2021, down 1.6 from August's 53.3 reading. The reading matched the 52.3 consensus. Year-over-year, the indicator is up 4. Over the past 3 months, Markit PMI averaged 52.63, vs 51.13 in the prior 3-month window. The reading is in the 89th percentile of the trailing 24-month range.
across last 8 releases
Oct 2021
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
| 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.
Markit PMI (Hong Kong) was reported at 42.90 in March 2022. The reading fell from the previous value of 48.90.
The indicator has been trending downward over the last three releases. The trailing three releases averaged 47.53, down from the prior three at 51.70.
Historically, this indicator is positively correlated with BTC/USD (Watch). A secondary relationship exists with USD/JPY, negatively correlated (Watch). Over the last 8 releases, the Sigmacast model's median absolute error is 3.13.
Auto-generated from current model state · Refreshes on each release · Last update March 2022.
Markit PMI (Purchasing Managers' Index) is a leading economic indicator that measures the health of a country's manufacturing sector. It is based on a monthly survey of purchasing managers from various industries, providing valuable insights into business conditions, production levels, new orders, and employment trends. A reading above 50 indicates expansion in the sector, while a reading below 50 indicates contraction. Markit PMI is widely used by investors, policymakers, and businesses to assess the overall economic outlook and make informed decisions.
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.
Latest reading (Feb 2022): actual 42.9. Prior reading (Jan 2022): 48.9. Before that (Dec 2021): 50.8.
Sigmacast's 1-month forecast points to a lower reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bearish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary headwind in the current projection.
Multi-horizon symbol forecasts, Rolling-Surprise economic predictions, and programmatic API access.
Expected Zones · Trade Bias · Confidence Intervals · API Access · 1,456+ instruments
| Thursday, May 28, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 08:30 | Balance of Trade | -89.1 | -46 | -46.00 | Low | ||