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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
MEME Tourist Arrivals fell to 283.5 in May 2022
FMPMonthlyReleased May 2022
ME Tourist Arrivals fell to 283.5 in May 2022, down 37.9 from April's 321.4 reading.
Latest Release
283.500000
Actual
—
Consensus
321.400000
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 |
|---|---|---|---|---|---|
| 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
Tourist Arrivals (Montenegro) was reported at 283.50 in May 2022. The reading fell from the previous value of 321.40.
WHY IT MATTERS
The indicator has been trending upward over the last three releases. The trailing three releases averaged 170.00, up from the prior three at 110.10.
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 May 2022.
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Tourist Arrivals - ME
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About Tourist Arrivals — ME
DEFINITION
Tourist Arrivals is a financial indicator that measures the number of visitors entering a country for leisure or business purposes. It provides valuable insights into the health of a country's tourism industry and its overall economic performance. This indicator is often used by governments, businesses, and investors to make informed decisions and assess the potential impact of tourism on a country's economy. A high number of tourist arrivals can indicate a strong and thriving tourism sector, while a decline may signal potential challenges or opportunities for growth.
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 (Apr 2022): actual 283.5. Prior reading (Dec 2021): 197. Before that (Nov 2021): 29.5.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a materially 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.