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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
South AfricaSouth Africa Reuters Econometer held to 256.3 in June 2013
FMPMonthlyReleased July 2013
South Africa Reuters Econometer held to 256.3 in June 2013, released July 2013.
Latest Release
256.300000
Actual
—
Consensus
256.300000
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
Reuters Econometer (South Africa) was reported at 256.30 in July 2013. The reading was unchanged from the previous release.
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 July 2013.
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Reuters Econometer - ZA
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About Reuters Econometer — South Africa
DEFINITION
The Reuters Econometer is a highly regarded financial indicator that provides real-time analysis and forecasts of economic trends and market conditions. It utilizes a combination of expert opinions and data-driven algorithms to deliver accurate and timely insights on key economic indicators such as GDP, inflation, and employment. Trusted by investors, analysts, and policymakers, the Reuters Econometer is a valuable tool for making informed financial decisions and staying ahead of market movements.
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 (Jul 2013): actual 256.3. Prior reading (Jun 2013): 256.3. Before that (Apr 2013): 258.9.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a similar reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bearish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary headwind in the current projection. This indicator correlates most strongly with USD/ZAR (Bullish ZAR, r=-0.50) — a useful reference for forex-focused traders.