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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
AustraliaAustralia AiG Perf Services Index climbed to 49.3 in January 2014
FMPMonthlyReleased February 2014
Australia AiG Perf Services Index climbed to 49.3 in January 2014, released February 2014, up 3.2 from December's 46.1 reading.
Latest Release
49.300000
Actual
—
Consensus
46.100000
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 Perf Services Index (Australia) was reported at 49.30 in February 2014. The reading rose from the previous value of 46.10.
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 February 2014.
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AiG Perf Services Index - AU
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About AiG Perf Services Index — Australia
DEFINITION
The AiG Perf Services Index is a leading financial indicator that measures the performance of the services sector in Australia. It provides valuable insights into the health and growth of the country's service industry, which is a key driver of the economy. This index is based on a monthly survey of businesses across various service sectors, and is widely used by investors, policymakers, and analysts to make informed decisions about the Australian economy. With its timely and accurate data, the AiG Perf Services Index is a crucial tool for understanding the current and future state of the services sector in Australia.
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 (Jan 2014): actual 49.3.
WHAT'S NEXT
This indicator correlates most strongly with AUD/USD (Bullish AUD, r=0.55) — a useful reference for forex-focused traders.