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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
South AfricaSouth Africa South African Manufacturing PMI fell to 49.1 in September 2013
FMPMonthlyReleased October 2013
South Africa South African Manufacturing PMI fell to 49.1 in September 2013, released October 2013, down 7.4 from August's 56.5 reading.
Latest Release
49.100000
Actual
—
Consensus
56.500000
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
South African Manufacturing PMI (South Africa) was reported at 49.10 in October 2013. The reading fell from the previous value of 56.50.
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 Balance of Trade (Jun 30).
Auto-generated from current model state · Refreshes on each release · Last update October 2013.
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South African Manufacturing PMI - ZA
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About South African Manufacturing PMI — South Africa
DEFINITION
The South African Manufacturing PMI (Purchasing Managers' Index) is a key economic indicator that measures the performance of the manufacturing sector in South Africa. It provides valuable insights into the health and growth of the country's manufacturing industry, based on data collected from purchasing managers across various sectors. This indicator is closely monitored by investors, businesses, and policymakers as it can indicate the overall economic outlook and potential changes in consumer demand. A high PMI reading suggests a strong and expanding manufacturing sector, while a low reading may indicate a slowdown or contraction.
WHY THIS INDICATOR MATTERS
Sentiment surveys are forward-looking inputs that often lead hard data on output and hiring. Sharp swings can drive cross-asset repricing. 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 (Oct 2013): actual 49.1.
WHAT'S NEXT
This indicator correlates most strongly with USD/ZAR (Bullish ZAR, r=-0.50) — a useful reference for forex-focused traders.