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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
South AfricaSouth Africa Car Registrations fell to 36.7K in February 2013
FMPMonthlyReleased March 2013
South Africa Car Registrations fell to 36.7K in February 2013, released March 2013, down 3K from January's 39.7K reading.
Latest Release
36.700000
Actual
—
Consensus
39.700000
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
Car Registrations (South Africa) was reported at 37 thousand in March 2013. The reading fell from the previous value of 40 thousand.
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 March 2013.
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Car Registrations - ZA
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About Car Registrations — South Africa
DEFINITION
Car Registrations is a financial indicator that tracks the number of new vehicles registered within a specific time period. This data is used to measure the strength of the automotive industry and consumer spending on big-ticket items. It also provides insights into the overall health of the economy, as car sales are often considered a leading indicator of economic growth. This indicator is closely monitored by investors, economists, and policymakers to make informed decisions about market trends and economic policies.
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 36.7 K.
WHAT'S NEXT
This indicator correlates most strongly with USD/ZAR (Bullish ZAR, r=-0.50) — a useful reference for forex-focused traders.