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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
SingaporeSingapore Purchasing Managers Index climbed to 50.6 in March 2013
FMPMonthlyReleased April 2013
Singapore Purchasing Managers Index climbed to 50.6 in March 2013, released April 2013, up 1.2 from February's 49.4 reading.
Latest Release
50.600000
Actual
—
Consensus
49.400000
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
Purchasing Managers Index (Singapore) was reported at 50.60 in April 2013. The reading rose from the previous value of 49.40.
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 April 2013.
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Purchasing Managers Index - SG
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About Purchasing Managers Index — Singapore
DEFINITION
The Purchasing Managers Index (PMI) is a widely recognized financial indicator that measures the economic health of the manufacturing sector. It provides valuable insights into the current and future trends of production, new orders, employment, and supplier deliveries. The PMI is based on a monthly survey of purchasing managers from various industries, and its results are closely monitored by investors, businesses, and policymakers to gauge the overall state of the economy. A PMI reading above 50 indicates expansion in the manufacturing sector, while a reading below 50 suggests contraction. This indicator is a crucial tool for decision-making and risk management in the financial world.
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 (Apr 2013): actual 50.6. Prior reading (Mar 2013): 49.4.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a similar reading versus the latest print. Current dynamics are the primary headwind in the projection. This indicator correlates most strongly with USD/SGD (Bullish SGD, r=-0.50) — a useful reference for forex-focused traders.