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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
South KoreaSouth Korea HSBC/Markit Manuf PMI climbed to 50.4 in November 2013
FMPMonthlyReleased December 2013
South Korea HSBC/Markit Manuf PMI climbed to 50.4 in November 2013, released December 2013, up 0.2 from October's 50.2 reading.
Latest Release
50.400000
Actual
—
Consensus
50.200000
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/KRW | ▼ Inverse | −0.50 | FOREX | Bullish KRW | → View |
| KOSPI | ▲ Direct | +0.45 | INDEX | Bullish KR | → View |
| AUD/USD | ▲ Direct | +0.35 | FOREX | Watch | → View |
| XAU/USD | ▲ Direct | +0.30 | COMMODITIES | 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 Manuf PMI (South Korea) was reported at 50.40 in November 2013. The reading rose from the previous value of 50.20.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with USD/KRW (Bullish KRW). A secondary relationship exists with KOSPI, positively correlated (Bullish KR).
WHAT TO WATCH NEXT
Same-country events in the next 14 days include Business Confidence (May 26) and Exports YoY (Jun 1).
Auto-generated from current model state · Refreshes on each release · Last update December 2013.
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HSBC/Markit Manuf PMI - KR
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About HSBC/Markit Manuf PMI — South Korea
DEFINITION
The HSBC/Markit Manuf 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 various industries, providing valuable insights into the overall health and growth of the manufacturing industry. This indicator is used by investors, businesses, and policymakers to make informed decisions and assess the economic outlook of a country. With its timely and accurate data, the HSBC/Markit Manuf PMI is a crucial tool for monitoring and analyzing the performance of the manufacturing sector.
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. 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 (Dec 2013): actual 50.4. Prior reading (Dec 2013): 50.4. Before that (Nov 2013): 50.2.
WHAT'S NEXT
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/KRW (Bullish KRW, r=-0.50) — a useful reference for forex-focused traders.