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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
South AfricaSouth Africa Barclays Manufacturing PMI fell to 43.5 in January 2016
FMPMonthlyReleased February 2016
South Africa Barclays Manufacturing PMI fell to 43.5 in January 2016, released February 2016, down 2 from December's 45.5 reading. The reading matched the 45.1 consensus. The print is running well below the 12-month average of 46.96. Over the past 3 months, Barclays Manufacturing PMI averaged 44.4, vs 48.67 in the prior 3-month window.
Latest Release
43.5
Actual
45.1
Consensus
45.5
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/ZAR | ▼ Inverse | −0.50 | FOREX | Bullish ZAR | → View |
| EUR/ZAR | ▼ Inverse | −0.40 | FOREX | Bullish ZAR | → View |
| XAU/USD | ▲ Direct | +0.40 | COMMODITIES | Watch | → View |
| EUR/USD | ▲ Direct | +0.30 | FOREX | 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
Barclays Manufacturing PMI (South Africa) was reported at 50.90 in February 2017. The reading rose from the previous value of 46.70. This is classified as a medium-impact indicator released on a monthly basis.
WHY IT MATTERS
The trailing three releases averaged 48.63, up from the prior three at 47.23.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with USD/ZAR (Bullish ZAR). A secondary relationship exists with XAU/USD, positively correlated (Watch).
WHAT TO WATCH NEXT
Same-country events in the next 14 days include Balance of Trade (Jun 30).
Auto-generated from current model state · Refreshes on each release · Last update February 2017.
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Barclays Manufacturing PMI - ZA
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About Barclays Manufacturing PMI — South Africa
DEFINITION
The Barclays Manufacturing PMI (Purchasing Managers' Index) is a widely recognized financial indicator that measures the performance of the manufacturing sector in a specific country or region. It is based on a monthly survey of purchasing managers in the manufacturing industry, providing valuable insights into the overall economic health and future trends of the sector. This indicator is closely monitored by investors, policymakers, and businesses as it can help inform decision-making and provide a timely and accurate assessment of the manufacturing industry's growth and activity.
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. Surprises against consensus can drive short-term moves, particularly when the print breaks an established trend. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Jan 2017): actual 50.9. Prior reading (Dec 2016): 46.7. Before that (Nov 2016): 48.3.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a higher reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bullish 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/ZAR (Bullish ZAR, r=-0.50) — a useful reference for forex-focused traders.