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Hong Kong S&P Global PMI climbed to 52 in June 2026, released July 2026, up 1.6 from May's 50.4 reading. The print exceeded the 49 consensus by 3.
across last 12 releases
Jul 2026
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
| Symbol | Direction | Correlation | Asset Class | Co-movement | Action |
|---|---|---|---|---|---|
| XAU/USD | ▼ Inverse | −0.55 | COMMODITIES | Moves against | → View |
| Hang Seng | ▼ Inverse | −0.41 | INDEX | Moves against | → View |
| USD/HKD | ▼ Inverse | −0.25 | FOREX | Moves against | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
S&P Global PMI (Hong Kong) was reported at 52.00 in June 2026. This beat the market consensus of 49.00 by 3.00. The reading rose from the previous value of 50.40. Over the past 12 months, the indicator has averaged 51.43, ranging from 49.20 to 53.30 across 10 releases.
The trailing three releases averaged 51.90, down from the prior three at 52.37. Volatility over the past year (σ 1.21) is comparable than the prior year (σ 1.20).
Historically, this indicator is negatively correlated with XAU/USD (Bearish XAU). A secondary relationship exists with Hang Seng, negatively correlated (Bearish Hang Seng). Over the last 12 releases, the Sigmacast model's median absolute error is 1.13.
The next release is scheduled for August 5, 2026.
Auto-generated from current model state · Refreshes on each release · Last update July 2026.
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.
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 (Jun 2026): actual 52, consensus 49. Prior reading (May 2026): 50.4. Before that (Apr 2026): 48.6.
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 XAU/USD (Bearish XAU, r=-0.55) — a useful reference for commodities-focused traders.
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| Friday, July 31, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 08:30 | GDP Growth Rate YoY | 4.3 | 5.9 | 4.8 | 5.28 | Low | |
| 08:30 | Gross Domestic Product YoY | 4.3 | 5.9 | 4.8 | 5.28 | Low | |
| 08:30 | Gross Domestic Product QoQ | -0.6 | 2.9 | -0.3 | -0.45 | Low | |
| 08:30 | GDP Growth Rate QoQ | -0.6 | 2.9 | -0.3 | 0.00 | Low | |
| Tuesday, August 4, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 08:30 | Retail Sales YoY | 4.8 | 3.4 | 6.40 | Low | ||