Loading page content
Data from FMP. Forecasts by Sigmanomics Forecast Engine.
South AfricaSouth Africa Production Price Index YoY fell to 5.8% in February 2013
FMPMonthlyReleased March 2013
South Africa Production Price Index YoY fell to 5.8% in February 2013, released March 2013, down 0.5% from January's 6.3% reading.
Latest Release
5.800000
Actual
—
Consensus
6.300000
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
Production Price Index YoY (South Africa) was reported at 5.8% in March 2013. The reading fell from the previous value of 6.3%.
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.
SHARE
Production Price Index YoY - ZA
Loading chart data...
About Production Price Index YoY — South Africa
DEFINITION
The Production Price Index YoY (Year-over-Year) is a key financial indicator that measures the change in the average selling prices of goods and services produced by businesses over a 12-month period. This index provides valuable insights into inflationary pressures and the overall health of the economy, as it reflects changes in the cost of production for businesses. Investors, policymakers, and businesses alike use this indicator to make informed decisions and assess the current state of the market.
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 5.8 %.
WHAT'S NEXT
This indicator correlates most strongly with USD/ZAR (Bullish ZAR, r=-0.50) — a useful reference for forex-focused traders.