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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
Hong KongHong Kong S&P Global PMI fell to 49.5 in August 2026
FMPMonthlyReleased September 2026
Hong Kong S&P Global PMI fell to 49.5 in August 2026, released September 2026, down 1.5 from July's 51 reading. The reading matched the 50.5 consensus.
Latest Release
49.500000
Actual
50.500000
Consensus
51.000000
Previous
Median Absolute Error
±1.3
across last 12 releases
Last Call
Sep 2026
Predicted: 50.88
Actual: 49.5
Error: +1.38
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Co-movement | Action |
|---|---|---|---|---|---|
| XAU/USD | ▼ Inverse | −0.79 | COMMODITIES | Moves against | → View |
| Hang Seng | ▼ Inverse | −0.41 | INDEX | Moves against | → View |
| S&P 500 | ▼ Inverse | −0.36 | INDEX | Moves against | → 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 49.50 in August 2026. This missed the market consensus of 50.50 by 1.00. The reading fell from the previous value of 51.00. Over the past 12 months, the indicator has averaged 51.49, ranging from 49.50 to 53.30 across 10 releases.
WHY IT MATTERS
The indicator has been trending downward over the last three releases. The trailing three releases averaged 50.83, down from the prior three at 52.00. Volatility over the past year (σ 1.14) is comparable than the prior year (σ 1.25). In September readings over the past 3 years, S&P Global PMI has averaged 49.87.
THE MODEL'S TAKE
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 1.30.
Auto-generated from current model state · Refreshes on each release · Last update September 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 (Aug 2026): actual 49.5, consensus 50.5. Prior reading (Jul 2026): 51. Before that (Jun 2026): 52.
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. This indicator correlates most strongly with XAU/USD (Bearish XAU, r=-0.79) — a useful reference for commodities-focused traders.
Σ
EXPECTED ZONE
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Economic Calendar - HK Events
| Monday, September 14, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 08:30 | HK | Industrial Production YoY | 2.3 | 3.1 | 2.5 | 2.40 | Low |