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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
United KingdomUnited Kingdom Markit Manufacturing PMI held to 58.4 in December 2013
FMPMonthlyReleased December 2013
United Kingdom Markit Manufacturing PMI held to 58.4 in December 2013. The reading matched the 56.3 consensus. The print is running well above the 12-month average of 53.16. Over the past 3 months, Markit Manufacturing PMI averaged 56.35, vs 54.77 in the prior 3-month window. Markit Manufacturing PMI is now the highest in 8 months.
Latest Release
58.4
Actual
56.3
Consensus
Previous
Median Absolute Error
±1.38
across last 9 releases
Last Call
Dec 2013
Predicted: 56.13
Actual: 58.4
Error: -2.27
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.
Over the last 9 releases, the Sigmanomics model has produced a median absolute forecast error of ±1.38. Historically, this indicator is positively correlated with GBP/USD (Bullish GBP) and negatively correlated with EUR/GBP (Bearish EUR).
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Markit Manufacturing PMI - UK
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