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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
JapanJapan Vehicle Sales YoY fell to -15.6% in March 2013
FMPMonthlyReleased April 2013
Japan Vehicle Sales YoY fell to -15.6% in March 2013, released April 2013, down 3.4% from February's -12.2% reading.
Latest Release
-15.600000
Actual
—
Consensus
-12.200000
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
Vehicle Sales YoY (Japan) was reported at -15.6% in April 2013. The reading fell from the previous value of -12.2%.
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 Housing Starts YoY (May 28) and Unemployment Rate (May 28).
Auto-generated from current model state · Refreshes on each release · Last update April 2013.
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Vehicle Sales YoY - JP
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About Vehicle Sales YoY — Japan
DEFINITION
Vehicle Sales YoY (Year-over-Year) is a financial indicator that measures the percentage change in the number of vehicles sold by a company or industry compared to the same period in the previous year. This metric is used to assess the growth or decline in vehicle sales and can provide valuable insights into the overall performance and trends of the automotive market. It is a key indicator for investors, analysts, and businesses in the automotive industry to make informed decisions and evaluate the health of the market.
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 (Apr 2013): actual -15.6 %.
WHAT'S NEXT
This indicator correlates most strongly with USD/JPY (Bullish JPY, r=-0.50) — a useful reference for forex-focused traders.