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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
IrelandIreland Investec Manufacturing PMI climbed to 54 in February 2019
FMPMonthlyReleased March 2019
Ireland Investec Manufacturing PMI climbed to 54 in February 2019, released March 2019, up 1.4 from January's 52.6 reading.
Latest Release
54.000000
Actual
—
Consensus
52.600000
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 |
|---|---|---|---|---|---|
| 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
Investec Manufacturing PMI (Ireland) was reported at 54.00 in March 2019. The reading rose from the previous value of 52.60.
WHY IT MATTERS
The trailing three releases averaged 53.70, down from the prior three at 55.53.
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 March 2019.
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Investec Manufacturing PMI - IE
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About Investec Manufacturing PMI — Ireland
DEFINITION
The Investec Manufacturing PMI is a widely recognized financial indicator that measures the performance of the manufacturing sector in a specific country. It provides valuable insights into the overall health and growth of the manufacturing industry, based on factors such as production levels, new orders, and employment. This indicator is highly regarded by investors, policymakers, and economists as it helps to gauge the strength of the economy and make informed decisions.
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 (Feb 2019): actual 54. Prior reading (Jan 2019): 52.6. Before that (Dec 2018): 54.5.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a similar reading versus the latest print. The 1-month and 3-month horizons disagree, suggesting a mixed signal. Trend-driven dynamics are the primary headwind in the current projection.