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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
AustraliaAustralia AiG Performance Construction Index climbed to 55.2 in November 2013
FMPMonthlyReleased December 2013
Australia AiG Performance Construction Index climbed to 55.2 in November 2013, released December 2013, up 0.8 from October's 54.4 reading.
Latest Release
55.200000
Actual
—
Consensus
54.400000
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 Performance Construction Index (Australia) was reported at 55.20 in December 2013. The reading rose from the previous value of 54.40.
WHY IT MATTERS
The indicator has been trending upward over the last three releases.
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 2013.
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AiG Performance Construction Index - AU
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About AiG Performance Construction Index — Australia
DEFINITION
The AiG Performance Construction Index is a leading economic indicator that measures the performance of the construction industry in Australia. It provides valuable insights into the current and future state of the construction sector, including trends in activity, employment, and business conditions. This index is widely used by businesses, policymakers, and investors to make informed decisions and assess the overall health of the Australian economy. With its timely and accurate data, the AiG Performance Construction Index is a crucial tool for monitoring the performance of the construction industry and its impact on the broader economy.
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 (Dec 2013): actual 55.2. Prior reading (Oct 2013): 47.6. Before that (Sep 2013): 43.7.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a lower reading versus the latest print. Current dynamics are the primary headwind in the projection. This indicator correlates most strongly with AUD/USD (Bullish AUD, r=0.55) — a useful reference for forex-focused traders.