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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
South AfricaSouth Africa Manufacturing Prod YoY held to -0.5 in February 2015
FMPMonthlyReleased April 2015
South Africa Manufacturing Prod YoY held to -0.5 in February 2015, released April 2015. The print exceeded the -0.7 consensus by 0.2. The print is running well below the 12-month average of -0.33. Over the past 3 months, Manufacturing Prod YoY averaged -0.83, vs 5.1 in the prior 3-month window. The reading is in the 41st percentile of the trailing 24-month range.
Latest Release
-0.5
Actual
-0.7
Consensus
Previous
Median Absolute Error
±2.77 percentage points
across last 5 releases
Last Call
Apr 2015
Predicted: -1.35
Actual: -0.5
Error: -0.85
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.
Over the last 5 releases, the Sigmanomics model has produced a median absolute forecast error of ±2.77. Historically, this indicator is negatively correlated with USD/ZAR (Bullish ZAR) and negatively correlated with EUR/ZAR (Bullish ZAR).
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Manufacturing Prod YoY - ZA
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