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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
AustraliaAustralia AiG Performance of Construction Index climbed to 54.4 in October 2013
FMPMonthlyReleased November 2013
Australia AiG Performance of Construction Index climbed to 54.4 in October 2013, released November 2013, up 6.8 from September's 47.6 reading.
Latest Release
54.400000
Actual
—
Consensus
47.600000
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 of Construction Index (Australia) was reported at 54.40 in November 2013. The reading rose from the previous value of 47.60.
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 November 2013.
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AiG Performance of Construction Index - AU
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About AiG Performance of Construction Index — Australia
DEFINITION
The AiG Performance of Construction Index is a widely recognized financial indicator that measures the overall performance and activity of the construction industry in Australia. It provides valuable insights into the health and growth of the sector, serving as a key tool for investors, policymakers, and businesses to make informed decisions. With a focus on key factors such as employment, new orders, and supplier deliveries, this index offers a comprehensive and reliable assessment of the construction industry's current and future performance.
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 (Nov 2013): actual 54.4.
WHAT'S NEXT
This indicator correlates most strongly with AUD/USD (Bullish AUD, r=0.55) — a useful reference for forex-focused traders.