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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
AustraliaAustralia Ai Group Services Index fell to 45.6 in November 2022
FMPMonthlyReleased December 2022
Australia Ai Group Services Index fell to 45.6 in November 2022, released December 2022, down 2.1 from October's 47.7 reading.
Latest Release
45.600000
Actual
—
Consensus
47.700000
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 |
|---|---|---|---|---|---|
| AUD/USD | ▲ Direct | +0.55 | FOREX | Bullish AUD | → View |
| AUD/JPY | ▲ Direct | +0.45 | FOREX | Bullish AUD | → View |
| AUD/NZD | ▲ Direct | +0.40 | FOREX | Bullish AUD | → View |
| XAU/USD | ▲ Direct | +0.35 | COMMODITIES | Watch | → View |
| NZD/USD | ▲ Direct | +0.35 | FOREX | Bullish NZD | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Ai Group Services Index (Australia) was reported at 45.60 in December 2022. The reading fell from the previous value of 47.70. This is classified as a medium-impact indicator released on a monthly basis.
WHY IT MATTERS
The indicator has been trending downward over the last three releases. The trailing three releases averaged 47.10, down from the prior three at 51.27.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with AUD/USD (Bullish AUD). A secondary relationship exists with AUD/JPY, positively correlated (Bullish AUD).
WHAT TO WATCH NEXT
Same-country events in the next 14 days include Construction Work Done QoQ (May 27) and Inflation Rate YoY (May 27).
Auto-generated from current model state · Refreshes on each release · Last update December 2022.
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Ai Group Services Index - AU
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About Ai Group Services Index — Australia
DEFINITION
The Ai Group Services Index is a leading economic indicator that measures the performance of the services sector in Australia. It is based on a survey of businesses across a range of industries, providing valuable insights into the health and growth of the services sector. This index is widely used by economists, policymakers, and businesses to track trends and make informed decisions about the Australian economy. With its timely and accurate data, the Ai Group Services Index is a crucial tool for understanding the current and future state of the services industry in Australia.
WHY THIS INDICATOR MATTERS
This release contributes to the broader macro picture used by cross-asset investors for positioning and risk management. Surprises against consensus can drive short-term moves, particularly when the print breaks an established trend. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Nov 2022): actual 45.6. Prior reading (Oct 2022): 47.7. Before that (Sep 2022): 48.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a lower 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 AUD/USD (Bullish AUD, r=0.55) — a useful reference for forex-focused traders.