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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
Hong KongHong Kong S&P Global PMI climbed to 50.4 in May 2026
FMPMonthlyReleased June 2026
Hong Kong S&P Global PMI climbed to 50.4 in May 2026, released June 2026, up 1.8 from April's 48.6 reading. The reading matched the 49.1 consensus.
Latest Release
50.400000
Actual
49.100000
Consensus
48.600000
Previous
Median Absolute Error
±1.13
across last 12 releases
Last Call
Jun 2026
Predicted: 49.1
Actual: 50.4
Error: -1.3
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 PMI (Hong Kong) was reported at 50.40 in May 2026. This beat the market consensus of 49.10 by 1.30. 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. Volatility over the past year (σ 1.26) is comparable than the prior year (σ 1.22). In June readings over the past 3 years, S&P Global PMI has averaged 49.53.
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). Over the last 12 releases, the Sigmacast model's median absolute error is 1.13.
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 PMI - HK
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About S&P Global PMI — Hong Kong
DEFINITION
The S&P Global PMI (Purchasing Managers' Index) is a widely recognized financial indicator that measures the economic health of the global manufacturing sector. It provides valuable insights into the current and future trends of production, new orders, employment, and supplier deliveries. This data is collected from surveys of purchasing managers in various industries and countries, making it a reliable and comprehensive measure of economic activity. The S&P Global PMI is used by investors, businesses, and policymakers to make informed decisions and assess the overall state of the global 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 (May 2026): actual 50.4, consensus 49.1. 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.