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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
KZKZ S&P Global Manufacturing PMI fell to 51.7 in October 2024
FMPMonthlyReleased November 2024
KZ S&P Global Manufacturing PMI fell to 51.7 in October 2024, released November 2024, down 0.6 from September's 52.3 reading. The reading matched the 52 consensus.
Latest Release
51.700000
Actual
52.000000
Consensus
52.300000
Previous
Median Absolute Error
±0.58
across last 5 releases
Last Call
Nov 2024
Predicted: 52.43
Actual: 51.7
Error: +0.72
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 |
|---|---|---|---|---|---|
| EUR/USD | ▲ Direct | +0.30 | FOREX | Watch | → View |
| USD/JPY | ▼ Inverse | −0.30 | FOREX | Watch | → View |
| XAU/USD | ▲ Direct | +0.30 | COMMODITIES | Watch | → View |
| S&P 500 | ▲ Direct | +0.30 | INDEX | 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
S&P Global Manufacturing PMI (KZ) was reported at 51.70 in October 2024. This missed the market consensus of 52.00 by 0.30. The reading fell from the previous value of 52.30.
WHY IT MATTERS
The indicator has been trending downward over the last three releases.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with BTC/USD (Watch). A secondary relationship exists with USD/JPY, negatively correlated (Watch).
Auto-generated from current model state · Refreshes on each release · Last update November 2024.
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S&P Global Manufacturing PMI - KZ
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About S&P Global Manufacturing PMI — KZ
DEFINITION
The S&P Global Manufacturing PMI is a widely recognized financial indicator that measures the performance of the manufacturing sector in major economies around the world. It provides valuable insights into the health and growth of the global manufacturing industry, serving as a key barometer for investors, businesses, and policymakers. The index is based on a monthly survey of purchasing managers, and its timely and accurate data is highly regarded for its ability to forecast economic trends and inform decision-making.
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 (Oct 2024): actual 51.7, consensus 52. Prior reading (Sep 2024): 52.3. Before that (Aug 2024): 53.3.
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 bearish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary neutral force in the current projection.