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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
JapanJapan Markit/JMMA Manufacturing PMI fell to 49.9 in May 2015
FMPMonthlyReleased June 2015
Japan Markit/JMMA Manufacturing PMI fell to 49.9 in May 2015, released June 2015, down 1 from April's 50.9 reading.
Latest Release
49.900000
Actual
—
Consensus
50.900000
Previous
Median Absolute Error
±0.23
across last 12 releases
Last Call
Jun 2015
Predicted: 50.73
Actual: 50.9
Error: -0.17
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/JPY | ▼ Inverse | −0.50 | FOREX | Bullish JPY | → View |
| EUR/JPY | ▼ Inverse | −0.45 | FOREX | Bullish JPY | → View |
| Nikkei 225 | ▲ Direct | +0.45 | INDEX | Bullish JP | → View |
| GBP/JPY | ▼ Inverse | −0.40 | FOREX | Bullish JPY | → View |
| XAU/USD | ▲ Direct | +0.30 | COMMODITIES | Watch | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Markit/JMMA Manufacturing PMI (Japan) was reported at 49.90 in May 2015. The reading fell from the previous value of 50.90.
WHY IT MATTERS
The trailing three releases averaged 50.57, up from the prior three at 49.97.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with USD/JPY (Bullish JPY). A secondary relationship exists with EUR/JPY, negatively correlated (Bullish JPY). Over the last 12 releases, the Sigmacast model's median absolute error is 0.23.
WHAT TO WATCH NEXT
Same-country events in the next 14 days include Core Inflation Rate YoY (Jun 18) and Inflation Rate YoY (Jun 18).
Auto-generated from current model state · Refreshes on each release · Last update June 2015.
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Markit/JMMA Manufacturing PMI - JP
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About Markit/JMMA Manufacturing PMI — Japan
DEFINITION
The Markit/JMMA Manufacturing PMI is a widely recognized financial indicator that measures the performance of the manufacturing sector in Japan. It provides valuable insights into the country's economic health by tracking changes in key factors such as production, new orders, and employment. This data is collected through surveys of purchasing managers in the manufacturing industry, making it a reliable and timely source of information for investors, businesses, and policymakers. The Markit/JMMA Manufacturing PMI is a crucial tool for understanding the current and future trends in Japan's manufacturing sector and its overall impact on the 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. Surprises against consensus can drive short-term moves, particularly when the print breaks an established trend. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Jun 2015): actual 49.9. Prior reading (May 2015): 50.9. Before that (May 2015): 50.9.
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 USD/JPY (Bullish JPY, r=-0.50) — a useful reference for forex-focused traders.