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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
SingaporeSingapore Nikkei PMI fell to 52.1 in May 2019
FMPMonthlyReleased June 2019
Singapore Nikkei PMI fell to 52.1 in May 2019, released June 2019, down 1.2 from April's 53.3 reading.
Latest Release
52.100000
Actual
—
Consensus
53.300000
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 | 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
Nikkei PMI (Singapore) was reported at 52.10 in June 2019. The reading fell from the previous value of 53.30.
WHY IT MATTERS
The trailing three releases averaged 52.40, up from the prior three at 50.87.
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 (Jun 23).
Auto-generated from current model state · Refreshes on each release · Last update June 2019.
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Nikkei PMI - SG
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About Nikkei PMI — Singapore
DEFINITION
Nikkei PMI is a widely recognized financial indicator that measures the economic health of the Japanese manufacturing sector. It provides valuable insights into the country's overall economic performance by tracking changes in key factors such as new orders, production levels, employment, and supplier deliveries. This data is collected through surveys of purchasing managers from various industries, making it a reliable and timely indicator of Japan's manufacturing activity. Investors and analysts use Nikkei PMI to make informed decisions and assess the potential impact on financial markets.
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 (May 2019): actual 52.1. Prior reading (Apr 2019): 53.3. Before that (Apr 2019): 53.3.
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 tailwind in the current projection. This indicator correlates most strongly with USD/SGD (Bullish SGD, r=-0.50) — a useful reference for forex-focused traders.