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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
Hong KongHong Kong S&P Global Manufacturing PMI climbed to 50.4 in May 2026
FMPMonthlyReleased June 2026
Hong Kong S&P Global Manufacturing PMI climbed to 50.4 in May 2026, released June 2026, up 1.8 from April's 48.6 reading.
Latest Release
50.400000
Actual
—
Consensus
48.600000
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 |
|---|---|---|---|---|---|
| Hang Seng | ▼ Inverse | −0.77 | INDEX | Bearish Hang Seng | → View |
| XAU/USD | ▼ Inverse | −0.50 | COMMODITIES | Bearish XAU | → View |
| S&P 500 | ▼ Inverse | −0.30 | INDEX | Bearish S&P 500 | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
S&P Global Manufacturing PMI (Hong Kong) was reported at 50.40 in May 2026. The reading rose from the previous value of 48.60. Over the past 12 months, the indicator has averaged 51.37, ranging from 49.20 to 53.30 across 9 releases.
WHY IT MATTERS
The trailing three releases averaged 52.00, unchanged from the prior three.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with Hang Seng (Bearish Hang Seng). A secondary relationship exists with XAU/USD, negatively correlated (Bearish XAU).
WHAT TO WATCH NEXT
The next release is scheduled for July 6, 2026.
Auto-generated from current model state · Refreshes on each release · Last update June 2026.
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S&P Global Manufacturing PMI - HK
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About S&P Global Manufacturing PMI — Hong Kong
DEFINITION
The S&P Global Manufacturing PMI is a widely recognized financial indicator that measures the performance of the manufacturing sector in major economies around the world. It provides valuable insights into the health and growth of the global manufacturing industry, serving as a key barometer for investors, businesses, and policymakers. The index is based on a monthly survey of purchasing managers, and its timely and accurate data is highly regarded for its ability to forecast economic trends and inform decision-making.
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 2026): actual 50.4. Prior reading (Apr 2026): 48.6. Before that (Mar 2026): 49.3.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a similar reading versus the latest print, with the 3-month outlook diverging from that direction. The 1-month and 3-month horizons disagree, suggesting a mixed signal. Trend-driven dynamics are the primary headwind in the current projection. This indicator correlates most strongly with Hang Seng (Bearish Hang Seng, r=-0.77) — a useful reference for index-focused traders.