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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
South AfricaSouth Africa Manufacturing Production Index YoY climbed to 3.9% in March 2013
FMPMonthlyReleased March 2013
South Africa Manufacturing Production Index YoY climbed to 3.9% in March 2013, up 1.9% from February's 2.0% reading. The print exceeded the 2.4% consensus by 1.5%.
Latest Release
3.9
Actual
2.4
Consensus
2
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
Manufacturing Production Index YoY (South Africa) was reported at 3.9% in March 2013. This beat the market consensus of 2.4% by 1.5%. The reading rose from the previous value of 2%.
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 Inflation Rate MoM (Jun 17) and Inflation Rate YoY (Jun 17).
Auto-generated from current model state · Refreshes on each release · Last update March 2013.
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Manufacturing Production Index YoY - ZA
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About Manufacturing Production Index YoY — South Africa
DEFINITION
The Manufacturing Production Index YoY (Year-over-Year) is a key economic indicator that measures the change in the total output of the manufacturing sector over a 12-month period. It provides valuable insights into the health and growth of the manufacturing industry, which is a crucial component of a country's overall economic performance. This index is closely monitored by investors, policymakers, and businesses as it can impact stock prices, inflation, and employment levels. A positive YoY growth in the Manufacturing Production Index indicates a strong and expanding manufacturing sector, while a negative growth may signal a slowdown or contraction.
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 3.9 %, consensus 2.4 %.
WHAT'S NEXT
This indicator correlates most strongly with USD/ZAR (Bullish ZAR, r=-0.50) — a useful reference for forex-focused traders.