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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
RussiaRussia MNI Consumer Sentiment Indicator fell to 68.3 in August 2016
FMPMonthlyReleased September 2016
Russia MNI Consumer Sentiment Indicator fell to 68.3 in August 2016, released September 2016, down 3 from July's 71.3 reading.
Latest Release
68.300000
Actual
—
Consensus
71.300000
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 | Co-movement | Action |
|---|---|---|---|---|---|
| EUR/USD | ▲ Direct | +0.30 | FOREX | Moves with | → View |
| USD/JPY | ▼ Inverse | −0.30 | FOREX | Moves against | → View |
| XAU/USD | ▲ Direct | +0.30 | COMMODITIES | Moves with | → View |
| S&P 500 | ▲ Direct | +0.30 | INDEX | Moves with | → View |
| BTC/USD | ▲ Direct | +0.30 | CRYPTO | Moves with | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
MNI Consumer Sentiment Indicator (Russia) was reported at 68.30 in September 2016. The reading fell from the previous value of 71.30.
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 S&P Global Manufacturing PMI (Aug 3) and Inflation Rate YoY (Aug 12).
Auto-generated from current model state · Refreshes on each release · Last update September 2016.
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MNI Consumer Sentiment Indicator - RU
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About MNI Consumer Sentiment Indicator — Russia
DEFINITION
The MNI Consumer Sentiment Indicator is a widely recognized measure of consumer confidence and sentiment towards the economy. It provides valuable insights into the current and future spending patterns of consumers, making it a crucial tool for businesses and investors in making informed decisions. This indicator is based on a comprehensive survey of consumer opinions and attitudes, providing a reliable and timely gauge of consumer sentiment. With its ability to accurately reflect the mood of consumers, the MNI Consumer Sentiment Indicator is a key indicator for assessing the overall health of the economy.
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 (Aug 2016): actual 68.3.
Σ
EXPECTED ZONE
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