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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
JapanJapan Nomura/JMMA Manufacturing PMI climbed to 54.2 in October 2013
FMPMonthlyReleased October 2013
Japan Nomura/JMMA Manufacturing PMI climbed to 54.2 in October 2013, up 1.7 from September's 52.5 reading.
Latest Release
54.200000
Actual
—
Consensus
52.500000
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/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
Nomura/JMMA Manufacturing PMI (Japan) was reported at 54.20 in October 2013. The reading rose from the previous value of 52.50.
WHY IT MATTERS
The indicator has been trending upward over the last three releases.
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).
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 October 2013.
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Nomura/JMMA Manufacturing PMI - JP
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About Nomura/JMMA Manufacturing PMI — Japan
DEFINITION
The Nomura/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 indicator is highly regarded by investors, analysts, and policymakers as a reliable gauge of Japan's manufacturing activity and overall economic growth.
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 (Oct 2013): actual 54.2. Prior reading (Sep 2013): 52.5. Before that (Sep 2013): 52.5.
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/JPY (Bullish JPY, r=-0.50) — a useful reference for forex-focused traders.