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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
IndiaIndia HSBC/Markit Manufacturing PMI climbed to 51.3 in November 2013
FMPMonthlyReleased December 2013
India HSBC/Markit Manufacturing PMI climbed to 51.3 in November 2013, released December 2013, up 1.7 from October's 49.6 reading.
Latest Release
51.300000
Actual
—
Consensus
49.600000
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 |
|---|---|---|---|---|---|
| USD/INR | ▼ Inverse | −0.50 | FOREX | Bullish INR | → View |
| XAU/USD | ▲ Direct | +0.35 | COMMODITIES | Watch | → View |
| EUR/USD | ▲ Direct | +0.30 | FOREX | 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
HSBC/Markit Manufacturing PMI (India) was reported at 51.30 in November 2013. The reading rose from the previous value of 49.60. This is classified as a medium-impact indicator released on a monthly basis.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with USD/INR (Bullish INR). A secondary relationship exists with XAU/USD, positively correlated (Watch).
WHAT TO WATCH NEXT
Same-country events in the next 14 days include Industrial Production YoY (May 28) and Manufacturing Production YoY (May 28).
Auto-generated from current model state · Refreshes on each release · Last update December 2013.
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HSBC/Markit Manufacturing PMI - IN
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About HSBC/Markit Manufacturing PMI — India
DEFINITION
The HSBC/Markit Manufacturing Purchasing Managers' Index (PMI) is a widely recognized financial indicator that measures the performance of the manufacturing sector in a particular country. It is based on a monthly survey of purchasing managers from a diverse range of industries, providing valuable insights into key economic trends and business conditions. The index is considered a reliable and timely gauge of economic activity, making it a valuable tool for investors, policymakers, and businesses looking to 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. Surprises against consensus can drive short-term moves, particularly when the print breaks an established trend. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Dec 2013): actual 51.3. Prior reading (Nov 2013): 49.6. Before that (Oct 2013): 49.6.
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 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 USD/INR (Bullish INR, r=-0.50) — a useful reference for forex-focused traders.