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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
South KoreaSouth Korea Manufacturing Production held to 3.5% in August 2014
FMPMonthlyReleased August 2014
South Korea Manufacturing Production held to 3.5% in August 2014.
Latest Release
3.500000
Actual
—
Consensus
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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
Manufacturing Production (South Korea) was reported at 3.5% in August 2014.
WHY IT MATTERS
The indicator has been trending upward over the last three releases. The trailing three releases averaged 0.53%, down from the prior three at 0.93%.
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 August 2014.
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Manufacturing Production - KR
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About Manufacturing Production — South Korea
DEFINITION
Manufacturing Production is a key economic indicator that measures the total output of goods produced by the manufacturing sector. It provides valuable insights into the health and growth of the manufacturing industry, which is a significant contributor to overall economic activity. This indicator is closely monitored by investors, policymakers, and analysts as it can signal changes in consumer demand, business confidence, and overall economic performance. A strong manufacturing production figure is often seen as a positive sign for the economy, while a decline may indicate potential economic slowdown.
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 (Jul 2014): actual 3.5 %. Prior reading (Jun 2014): 0.4 %. Before that (May 2014): -2.3 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a higher 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/KRW (Bullish KRW, r=-0.50) — a useful reference for forex-focused traders.