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Japan Manufacturing PMI climbed to 55.1 in November 2013, up 0.9 from October's 54.2 reading.
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).
| Symbol | Direction | Correlation | Asset Class | Co-movement | Action |
|---|---|---|---|---|---|
| USD/JPY | ▼ Inverse | −0.50 | FOREX | Moves against | → View |
| EUR/JPY | ▼ Inverse | −0.45 | FOREX | Moves against | → View |
| Nikkei 225 | ▲ Direct | +0.45 | INDEX | Moves with | → View |
| GBP/JPY | ▼ Inverse | −0.40 | FOREX | Moves against | → View |
| XAU/USD | ▲ Direct | +0.30 | COMMODITIES | Moves with | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
Manufacturing PMI (Japan) was reported at 55.10 in November 2013. The reading rose from the previous value of 54.20.
The indicator has been trending upward over the last three releases.
Historically, this indicator is negatively correlated with USD/JPY (Bullish JPY). A secondary relationship exists with EUR/JPY, negatively correlated (Bullish JPY).
Same-country events in the next 14 days include Exports YoY (Sep 15) and Balance of Trade (Sep 15).
Auto-generated from current model state · Refreshes on each release · Last update November 2013.
Manufacturing PMI (Purchasing Managers' Index) is a key economic indicator that measures the health of the manufacturing sector in a country. It is based on a monthly survey of purchasing managers from various industries, providing valuable insights into production levels, new orders, employment, and supplier deliveries. A PMI reading above 50 indicates expansion in the manufacturing sector, while a reading below 50 suggests contraction. This widely followed indicator is used by investors, businesses, and policymakers to assess the overall economic performance and make informed decisions.
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 (Nov 2013): actual 55.1. Prior reading (Aug 2013): 52.2. Before that (Apr 2013): 51.1.
Sigmacast's 1-month forecast points to a similar reading versus the latest print. Current dynamics are the primary headwind in the projection. This indicator correlates most strongly with USD/JPY (Bullish JPY, r=-0.50) — a useful reference for forex-focused traders.
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| Monday, September 14, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 04:30 | Capacity Utilization | 0.5 | 4.1 | -1.3 | -0.40 | Low | |
| 04:30 | Industrial Production MoM | -0.2 | 1.9 | 0.1 | -0.05 | Low | |
| 04:30 | Industrial Production YoY | 3.9 | 4.9 | 4.1 | 4.00 | Low | |
| Tuesday, September 15, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 04:30 | Tertiary Industry Index MoM | -0.2 | 0.3 | 0.70 | Low | ||
| 23:50 | Exports YoY | 23.2 | 18.2 | 18.60 | Medium | ||
| 23:50 | Balance of Trade | -634.5 | -1052.6 | -959.65 | High | ||
| 23:50 | Imports YoY | 27.8 | 26.3 | 26.15 | Low | ||
| 23:50 | Machinery Orders MoM | 9.7 | -2.8 | 1.10 | Medium | ||
| 23:50 | Machinery Orders YoY | 16.9 | 15.3 | 18.45 | Medium | ||
| 23:50 | Adjusted Trade Balance | -0.69 | -0.98 | -0.92 | Medium | ||