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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
Hong KongHong Kong Nikkei PMI fell to 46.9 in May 2019
FMPMonthlyReleased June 2019
Hong Kong Nikkei PMI fell to 46.9 in May 2019, released June 2019, down 1.5 from April's 48.4 reading. The reading matched the 47.9 consensus. Year-over-year, the indicator is down 0.9. Over the past 3 months, Nikkei PMI averaged 48.27, vs 48.2 in the prior 3-month window. Nikkei PMI is now the lowest in 30 months.
Latest Release
46.9
Actual
47.9
Consensus
48.4
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 | 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
Nikkei PMI (Hong Kong) was reported at 46.90 in June 2019. This missed the market consensus of 47.90 by 1.00. The reading fell from the previous value of 48.40.
WHY IT MATTERS
The trailing three releases averaged 47.77, down from the prior three at 48.20.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with BTC/USD (Watch). A secondary relationship exists with USD/JPY, negatively correlated (Watch).
Auto-generated from current model state · Refreshes on each release · Last update June 2019.
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Nikkei PMI - HK
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About Nikkei PMI — Hong Kong
DEFINITION
Nikkei PMI is a widely recognized financial indicator that measures the economic health of the Japanese manufacturing sector. It provides valuable insights into the country's overall economic performance by tracking changes in key factors such as new orders, production levels, employment, and supplier deliveries. This data is collected through surveys of purchasing managers from various industries, making it a reliable and timely indicator of Japan's manufacturing activity. Investors and analysts use Nikkei PMI to make informed decisions and assess the potential impact on financial markets.
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 (May 2019): actual 46.9, consensus 47.9. Prior reading (Apr 2019): 48.4. Before that (Apr 2019): 48.4.
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 bearish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary headwind in the current projection.