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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
United KingdomUnited Kingdom Index of Services fell to -0.2% in March 2013
FMPMonthlyReleased March 2013
United Kingdom Index of Services fell to -0.2% in March 2013, down 0.1% from February's -0.1% reading. The reading matched the -0.2% consensus.
Latest Release
-0.2
Actual
-0.2
Consensus
-0.1
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 |
|---|---|---|---|---|---|
| GBP/USD | ▲ Direct | +0.50 | FOREX | Bullish GBP | → View |
| EUR/GBP | ▼ Inverse | −0.45 | FOREX | Bearish EUR | → View |
| GBP/JPY | ▲ Direct | +0.40 | FOREX | Bullish GBP | → View |
| FTSE 100 | ▲ Direct | +0.35 | INDEX | Bullish UK | → View |
| XAU/USD | ▼ Inverse | −0.30 | COMMODITIES | Watch | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Index of Services (United Kingdom) was reported at -0.2% in March 2013. This matched the market consensus of -0.2% exactly. The reading fell from the previous value of -0.1%.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with GBP/USD (Bullish GBP). A secondary relationship exists with EUR/GBP, negatively correlated (Bearish EUR).
WHAT TO WATCH NEXT
Same-country events in the next 14 days include S&P Global Construction PMI (Jul 6) and Halifax House Price Index MoM (Jul 7).
Auto-generated from current model state · Refreshes on each release · Last update March 2013.
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Index of Services - UK
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About Index of Services — United Kingdom
DEFINITION
The Index of Services is a key financial indicator that measures the performance of the service sector within a particular economy. It takes into account various factors such as business activity, employment, and consumer spending to provide a comprehensive overview of the health and growth of the service industry. This indicator is closely monitored by investors, policymakers, and businesses as it can provide valuable insights into the overall economic climate and potential opportunities for growth.
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 -0.2 %, consensus -0.2 %.
WHAT'S NEXT
This indicator correlates most strongly with GBP/USD (Bullish GBP, r=0.50) — a useful reference for forex-focused traders.
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EXPECTED ZONE
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