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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
SingaporeSingapore Singaporean PMI climbed to 51.2 in November 2013
FMPMonthlyReleased November 2013
Singapore Singaporean PMI climbed to 51.2 in November 2013, up 0.7 from October's 50.5 reading. The reading matched the 50.5 consensus.
Latest Release
51.2
Actual
50.5
Consensus
50.5
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
Singaporean PMI (Singapore) was reported at 50.80 in December 2013. The reading fell from the previous value of 51.20.
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 December 2013.
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Singaporean PMI - SG
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About Singaporean PMI — Singapore
DEFINITION
The Singaporean PMI (Purchasing Managers' Index) is a key economic indicator that measures the health of the manufacturing sector in Singapore. It is based on a monthly survey of purchasing managers from various industries, providing valuable insights into the country's economic performance and future outlook. A PMI reading above 50 indicates expansion in the sector, while a reading below 50 suggests contraction. As one of the most reliable and widely used indicators, the Singaporean PMI is closely monitored by businesses, investors, and policymakers to make informed decisions and assess the overall economic climate in Singapore.
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 (Dec 2013): actual 50.8. Prior reading (Nov 2013): 51.2.
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.