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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
AustraliaAustralia AiG Performance Mfg Index climbed to 53.2 in October 2013
FMPMonthlyReleased November 2013
Australia AiG Performance Mfg Index climbed to 53.2 in October 2013, released November 2013, up 1.5 from September's 51.7 reading.
Latest Release
53.200000
Actual
—
Consensus
51.700000
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 Mfg Index (Australia) was reported at 53.20 in November 2013. The reading rose from the previous value of 51.70.
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 Employment Change (Jun 18) and Full Time Employment Chg (Jun 18).
Auto-generated from current model state · Refreshes on each release · Last update November 2013.
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AiG Performance Mfg Index - AU
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About AiG Performance Mfg Index — Australia
DEFINITION
The AiG Performance Mfg Index is a widely recognized financial indicator that measures the performance of the manufacturing sector in a specific country. It provides valuable insights into the overall health and growth of the manufacturing industry, taking into account factors such as production, new orders, employment, and supplier deliveries. This index is used by investors, economists, and policymakers to make informed decisions and assess the economic climate of a country. With its timely and accurate data, the AiG Performance Mfg Index is an essential tool for monitoring and analyzing the performance of the manufacturing sector.
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 (Nov 2013): actual 53.2. Prior reading (Oct 2013): 51.7. Before that (Sep 2013): 46.4.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a similar reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bullish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary tailwind in the current projection. This indicator correlates most strongly with AUD/USD (Bullish AUD, r=0.55) — a useful reference for forex-focused traders.