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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
SingaporeSingapore Markit PMI fell to 52.5 in February 2022
FMPMonthlyReleased March 2022
Singapore Markit PMI fell to 52.5 in February 2022, released March 2022, down 1.9 from January's 54.4 reading.
Latest Release
52.500000
Actual
—
Consensus
54.400000
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/SGD | ▼ Inverse | −0.50 | FOREX | Bullish SGD | → View |
| AUD/USD | ▲ Direct | +0.35 | FOREX | 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
Markit PMI (Singapore) was reported at 52.50 in March 2022. The reading fell from the previous value of 54.40.
WHY IT MATTERS
The indicator has been trending downward over the last three releases. The trailing three releases averaged 54.00, up from the prior three at 52.70.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with USD/SGD (Bullish SGD). A secondary relationship exists with AUD/USD, positively correlated (Watch).
WHAT TO WATCH NEXT
Same-country events in the next 14 days include CPI YoY (May 25).
Auto-generated from current model state · Refreshes on each release · Last update March 2022.
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Markit PMI - SG
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About Markit PMI — Singapore
DEFINITION
Markit PMI (Purchasing Managers' Index) is a leading economic indicator that measures the health of a country's manufacturing sector. It is based on a monthly survey of purchasing managers from various industries, providing valuable insights into business conditions, production levels, new orders, and employment trends. A reading above 50 indicates expansion in the sector, while a reading below 50 indicates contraction. Markit PMI is widely used by investors, policymakers, and businesses to assess the overall economic outlook and make informed decisions.
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 (Feb 2022): actual 52.5. Prior reading (Jan 2022): 54.4. Before that (Jan 2022): 54.4.
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 bearish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary headwind in the current projection. This indicator correlates most strongly with USD/SGD (Bullish SGD, r=-0.50) — a useful reference for forex-focused traders.