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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
KazakhstanKazakhstan Tengri Partners Manufacturing PMI climbed to 52.2 in May 2024
FMPMonthlyReleased June 2024
Kazakhstan Tengri Partners Manufacturing PMI climbed to 52.2 in May 2024, released June 2024, up 0.7 from April's 51.5 reading. The reading matched the 51.8 consensus. Tengri Partners Manufacturing PMI has now risen for 3 consecutive months. Tengri Partners Manufacturing PMI is now the highest in 7 months.
Latest Release
52.2
Actual
51.8
Consensus
51.5
Previous
Median Absolute Error
±1.51
across last 6 releases
Last Call
Jun 2024
Predicted: 52.6
Actual: 52.2
Error: +0.4
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
Tengri Partners Manufacturing PMI (Kazakhstan) was reported at 52.20 in June 2024. This beat the market consensus of 51.80 by 0.40. The reading rose from the previous value of 51.50.
WHY IT MATTERS
The indicator has been trending upward over the last three releases. The trailing three releases averaged 51.20, up from the prior three at 49.60.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with BTC/USD (Watch). A secondary relationship exists with USD/JPY, negatively correlated (Watch). Over the last 6 releases, the Sigmacast model's median absolute error is 1.51.
Auto-generated from current model state · Refreshes on each release · Last update June 2024.
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Tengri Partners Manufacturing PMI - KZ
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About Tengri Partners Manufacturing PMI — Kazakhstan
DEFINITION
The Tengri Partners Manufacturing PMI is a leading economic indicator that measures the performance of the manufacturing sector in a specific country or region. It provides valuable insights into the overall health and growth of the manufacturing industry, as well as the broader economy. This indicator is based on a monthly survey of purchasing managers, and is widely used by investors, policymakers, and businesses to make informed decisions and assess market conditions. With its timely and accurate data, the Tengri Partners Manufacturing PMI is a crucial tool for understanding and forecasting economic trends.
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 (May 2024): actual 52.2, consensus 51.8. Prior reading (Mar 2024): 51.6. Before that (Feb 2024): 49.8.
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 bullish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary tailwind in the current projection.
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EXPECTED ZONE
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