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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
PhilippinesPhilippines Nikkei Manufacturing PMI climbed to 51.3 in June 2019
FMPMonthlyReleased July 2019
Philippines Nikkei Manufacturing PMI climbed to 51.3 in June 2019, released July 2019, up 0.1 from May's 51.2 reading.
Latest Release
51.300000
Actual
—
Consensus
51.200000
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
Nikkei Manufacturing PMI (Philippines) was reported at 51.30 in July 2019. The reading rose from the previous value of 51.20.
WHY IT MATTERS
The indicator has been trending upward over the last three releases. The trailing three releases averaged 51.13, down from the prior three at 51.90.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with BTC/USD (Watch). A secondary relationship exists with USD/JPY, negatively correlated (Watch).
WHAT TO WATCH NEXT
Same-country events in the next 14 days include Inflation Rate YoY (Jun 5).
Auto-generated from current model state · Refreshes on each release · Last update July 2019.
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Nikkei Manufacturing PMI - PH
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About Nikkei Manufacturing PMI — Philippines
DEFINITION
The Nikkei Manufacturing PMI is a widely recognized financial indicator that measures the performance of the manufacturing sector in Japan. It provides valuable insights into the country's economic health by tracking changes in key factors such as production, new orders, and employment. This data is used by investors, businesses, and policymakers to make informed decisions and assess the overall strength of the Japanese economy. With its timely and accurate reporting, the Nikkei Manufacturing PMI is an essential tool for understanding the current and future state of Japan's manufacturing industry.
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 (Jun 2019): actual 51.3. Prior reading (Jun 2019): 51.3. Before that (May 2019): 51.2.
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.