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South Africa KAGISO Manufacturing PMI fell to 47.4 in April 2014, released May 2014, down 2.9 from March's 50.3 reading. The reading missed the 50.2 consensus by 2.8. The print is running well below the 12-month average of 50.5.
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).
| 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 May 2014 reading fell from the previous value of 50.3. Historically, this indicator is negatively correlated with USD/ZAR (Bullish ZAR) and negatively correlated with EUR/ZAR (Bullish ZAR).
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| Wednesday, May 20, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 08:00 | Core Inflation Rate MoM | 0.8 | 1.3 | 1.35 | Low | ||
| 08:00 | Inflation Rate MoM | 0.6 | 1.4 | 1.45 | Medium | ||
| 08:00 | Core Inflation Rate YoY | 3.2 | 4.2 | 4.20 | Low | ||
| 08:00 | Inflation Rate YoY | 3.1 | 4.3 | 4.20 | Medium | ||