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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
IrelandIreland Purchasing Manager Index Services fell to 53.6 in February 2013
FMPMonthlyReleased March 2013
Ireland Purchasing Manager Index Services fell to 53.6 in February 2013, released March 2013, down 3.2 from January's 56.8 reading.
Latest Release
53.600000
Actual
—
Consensus
56.800000
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
Purchasing Manager Index Services (Ireland) was reported at 53.60 in March 2013. The reading fell from the previous value of 56.80.
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 2013.
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Purchasing Manager Index Services - IE
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About Purchasing Manager Index Services — Ireland
DEFINITION
The Purchasing Manager Index Services is a widely recognized financial indicator that measures the economic activity in the services sector. It provides valuable insights into the health and growth of the services industry, which is a major contributor to overall economic performance. This index is based on surveys of purchasing managers from various service-based companies, and is used by investors, businesses, and policymakers to make informed decisions and predictions about the state of the services sector and the broader economy.
WHY THIS INDICATOR MATTERS
This release contributes to the broader macro picture used by cross-asset investors for positioning and risk management. 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 (Mar 2013): actual 53.6.