Loading page content
Data from FMP. Forecasts by Sigmanomics Forecast Engine.
RomaniaRomania BCR Manufacturing PMI climbed to 48.1 in October 2024
FMPMonthlyReleased November 2024
Romania BCR Manufacturing PMI climbed to 48.1 in October 2024, released November 2024, up 0.8 from September's 47.3 reading. The reading matched the 47.5 consensus. Over the past 3 months, BCR Manufacturing PMI averaged 47.85, vs 49.93 in the prior 3-month window.
Latest Release
48.1
Actual
47.5
Consensus
47.3
Previous
Median Absolute Error
±1.17
across last 6 releases
Last Call
Nov 2024
Predicted: 47.25
Actual: 48.1
Error: -0.85
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
BCR Manufacturing PMI (Romania) was reported at 48.10 in November 2024. This beat the market consensus of 47.50 by 0.60. The reading rose from the previous value of 47.30.
WHY IT MATTERS
The trailing three releases averaged 47.93, down from the prior three at 49.93.
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 1.18.
Auto-generated from current model state · Refreshes on each release · Last update November 2024.
SHARE
BCR Manufacturing PMI - RO
Loading chart data...
About BCR Manufacturing PMI — Romania
DEFINITION
The BCR Manufacturing PMI is a key financial indicator that measures the performance of the manufacturing sector in a specific country or region. It is based on a monthly survey of purchasing managers in the manufacturing industry and provides valuable insights into the overall health and growth of the sector. This indicator is widely used by investors, policymakers, and businesses to make informed decisions and assess the economic outlook. A high BCR Manufacturing PMI indicates a strong and expanding manufacturing sector, while a low PMI suggests a contraction.
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 48.1, consensus 47.5. Prior reading (Sep 2024): 47.3. Before that (Aug 2024): 48.4.
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.