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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
MexicoMexico Government Budget Value climbed to -59.2M in March 2015
FMPMonthlyReleased March 2015
Mexico Government Budget Value climbed to -59.2M in March 2015, up 32.3M from February's -91.5M reading.
Latest Release
-59.200000
Actual
—
Consensus
-91.500000
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/MXN | ▼ Inverse | −0.50 | FOREX | Bullish MXN | → View |
| WTI Crude | ▲ Direct | +0.35 | COMMODITIES | Watch | → View |
| EUR/USD | ▲ Direct | +0.30 | FOREX | Watch | → View |
| XAU/USD | ▲ Direct | +0.30 | COMMODITIES | Watch | → View |
| S&P 500 | ▲ Direct | +0.30 | INDEX | Watch | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Government Budget Value (Mexico) was reported at -59.20 million in March 2015. The reading rose from the previous value of -91.50 million.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with USD/MXN (Bullish MXN). A secondary relationship exists with WTI Crude, positively correlated (Watch).
WHAT TO WATCH NEXT
Same-country events in the next 14 days include Balance of Trade (May 25) and Business Confidence (Jun 1).
Auto-generated from current model state · Refreshes on each release · Last update March 2015.
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Government Budget Value - MX
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About Government Budget Value — Mexico
DEFINITION
The Government Budget Value is a key financial indicator that measures the total amount of money the government has allocated for its expenditures and revenues within a specific period of time. This indicator provides valuable insights into the financial health of a country and its ability to manage its finances effectively. It is often used by investors, policymakers, and economists to assess the government's fiscal policies and their impact on the overall economy. A positive budget value indicates a surplus, while a negative value indicates a deficit. This indicator is crucial in understanding the government's financial priorities and its impact on the country's economic stability.
WHY THIS INDICATOR MATTERS
Fiscal and debt-supply data influence sovereign-yield term premia and currency expectations, particularly when supply pressures interact with policy normalization. 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 (Feb 2015): actual -59.2 M. Prior reading (Nov 2014): -24.15 M.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a materially higher reading versus the latest print. Current dynamics are the primary tailwind in the projection. This indicator correlates most strongly with USD/MXN (Bullish MXN, r=-0.50) — a useful reference for forex-focused traders.