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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
AustraliaAustralia AiG Perfor Construction Index fell to 48.2 in January 2014
FMPMonthlyReleased February 2014
Australia AiG Perfor Construction Index fell to 48.2 in January 2014, released February 2014, down 2.6 from December's 50.8 reading.
Latest Release
48.200000
Actual
—
Consensus
50.800000
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 Perfor Construction Index (Australia) was reported at 48.20 in February 2014. The reading fell from the previous value of 50.80.
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 Perfor Construction Index - AU
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About AiG Perfor Construction Index — Australia
DEFINITION
The AiG Perfor Construction Index is a widely recognized financial indicator that measures the performance of the construction industry in Australia. It provides valuable insights into the current state of the sector, including factors such as business activity, employment, and new orders. This index is highly regarded by investors, policymakers, and industry professionals as a reliable gauge of the health and growth potential of the construction sector in Australia.
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. 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 48.2.
WHAT'S NEXT
This indicator correlates most strongly with AUD/USD (Bullish AUD, r=0.55) — a useful reference for forex-focused traders.