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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
South KoreaSouth Korea HSBC/Markit Manufacturing PMI climbed to 50.8 in December 2013
FMPMonthlyReleased January 2014
South Korea HSBC/Markit Manufacturing PMI climbed to 50.8 in December 2013, released January 2014, up 0.4 from November's 50.4 reading.
Latest Release
50.800000
Actual
—
Consensus
50.400000
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 Manufacturing PMI (South Korea) was reported at 50.80 in December 2013. The reading rose from the previous value of 50.40.
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 Consumer Confidence (Jun 22) and Business Confidence (Jun 24).
Auto-generated from current model state · Refreshes on each release · Last update January 2014.
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HSBC/Markit Manufacturing PMI - KR
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About HSBC/Markit Manufacturing PMI — South Korea
DEFINITION
The HSBC/Markit Manufacturing Purchasing Managers' Index (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 a diverse range of industries, providing valuable insights into key economic trends and business conditions. The index is considered a reliable and timely gauge of economic activity, making it a valuable tool for investors, policymakers, and businesses looking to make informed decisions.
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 (Jan 2014): actual 50.8.
WHAT'S NEXT
This indicator correlates most strongly with USD/KRW (Bullish KRW, r=-0.50) — a useful reference for forex-focused traders.