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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
AustraliaAustralia AIG Construction Index fell to 46.3 in January 2016
FMPMonthlyReleased February 2016
Australia AIG Construction Index fell to 46.3 in January 2016, released February 2016, down 0.5 from December's 46.8 reading. The reading matched the 46.8 consensus. AIG Construction Index has now declined for 4 consecutive months. Over the past 3 months, AIG Construction Index averaged 48.75, vs 52.9 in the prior 3-month window. AIG Construction Index is now the lowest in 10 months.
Latest Release
46.3
Actual
46.8
Consensus
46.8
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
AIG Construction Index (Australia) was reported at 40.00 in December 2019. The reading fell from the previous value of 43.90. This is classified as a medium-impact indicator released on a monthly basis.
WHY IT MATTERS
The trailing three releases averaged 42.17, down from the prior three at 42.23.
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 2019.
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AIG Construction Index - AU
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About AIG Construction Index — Australia
DEFINITION
The AIG Construction Index is a widely recognized financial indicator that measures the overall health and performance of the construction industry. It provides valuable insights into the current state and future outlook of the sector, serving as a key tool for investors, economists, and policymakers. With its comprehensive data and analysis, the AIG Construction Index is a reliable source for tracking trends and making informed decisions in the construction market.
WHY THIS INDICATOR MATTERS
Housing data leads broader economic cycles by several months and is highly rate-sensitive, with knock-on effects to construction, materials, and consumer credit. 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 2019): actual 40. Prior reading (Oct 2019): 43.9. Before that (Sep 2019): 42.6.
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.