Loading page content
Data from FMP. Forecasts by Sigmanomics Forecast Engine.
SwedenSweden New Orders Manufacturing YoY fell to -5.4% in February 2013
FMPMonthlyReleased March 2013
Sweden New Orders Manufacturing YoY fell to -5.4% in February 2013, released March 2013, down 2.6% from January's -2.8% reading.
Latest Release
-5.400000
Actual
—
Consensus
-2.800000
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/SEK | ▼ Inverse | −0.50 | FOREX | Bullish SEK | → View |
| USD/SEK | ▼ Inverse | −0.45 | FOREX | Bullish SEK | → View |
| EUR/USD | ▲ Direct | +0.35 | FOREX | Watch | → View |
| DAX | ▲ Direct | +0.35 | INDEX | Watch | → View |
| XAU/USD | ▲ Direct | +0.30 | COMMODITIES | Watch | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
New Orders Manufacturing YoY (Sweden) was reported at -5.4% in March 2013. The reading fell from the previous value of -2.8%.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with EUR/SEK (Bullish SEK). A secondary relationship exists with USD/SEK, negatively correlated (Bullish SEK).
Auto-generated from current model state · Refreshes on each release · Last update March 2013.
SHARE
New Orders Manufacturing YoY - SE
Loading chart data...
About New Orders Manufacturing YoY — Sweden
DEFINITION
New Orders Manufacturing YoY is a financial indicator that measures the change in the total value of new orders received by manufacturers over a 12-month period. This indicator provides insight into the strength of the manufacturing sector and can be used to assess the overall health of the economy. A positive YoY growth indicates an increase in demand for manufactured goods, while a negative growth may signal a decline in economic activity. This data is closely monitored by investors, policymakers, and businesses to make informed decisions and forecasts.
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 (Mar 2013): actual -5.4 %.
WHAT'S NEXT
This indicator correlates most strongly with EUR/SEK (Bullish SEK, r=-0.50) — a useful reference for forex-focused traders.