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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
AustraliaAustralia AIG Manufacturing Index climbed to 54.8 in April 2019
FMPMonthlyReleased April 2019
Australia AIG Manufacturing Index climbed to 54.8 in April 2019, up 3.8 from March's 51 reading. The print exceeded the 51 consensus by 3.8. Year-over-year, the indicator is down 3.5. Over the past 3 months, AIG Manufacturing Index averaged 52.5, vs 50.4 in the prior 3-month window. The reading is in the 38th percentile of the trailing 24-month range.
Latest Release
54.8
Actual
51
Consensus
51
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 Manufacturing Index (Australia) was reported at 48.10 in December 2019. The reading fell from the previous value of 51.60. 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 51.47, up 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 2019.
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AIG Manufacturing Index - AU
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About AIG Manufacturing Index — Australia
DEFINITION
The AIG Manufacturing Index is a widely recognized financial indicator that measures the performance of the manufacturing sector in a specific country or region. It is based on a survey of purchasing managers from various industries, providing valuable insights into the overall health and growth of the manufacturing industry. This index is closely monitored by investors, economists, and policymakers as it can indicate potential changes in economic activity and market trends. With its timely and reliable data, the AIG Manufacturing Index is a crucial tool for decision-making and forecasting in the financial world.
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 2019): actual 48.1. Prior reading (Oct 2019): 51.6. Before that (Sep 2019): 54.7.
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.