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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
South AfricaSouth Africa KAGISO Manufacturing PMI fell to 47.4 in April 2014
FMPMonthlyReleased May 2014
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.
Latest Release
47.4
Actual
50.2
Consensus
50.3
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 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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KAGISO Manufacturing PMI - ZA
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