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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
AustraliaAustralia AiG Performance of Mfg Index fell to 47.7 in November 2013
FMPMonthlyReleased December 2013
Australia AiG Performance of Mfg Index fell to 47.7 in November 2013, released December 2013, down 5.5 from October's 53.2 reading.
Latest Release
47.700000
Actual
—
Consensus
53.200000
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 Mfg Index (Australia) was reported at 47.70 in December 2013. The reading fell from the previous value of 53.20.
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 December 2013.
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AiG Performance of Mfg Index - AU
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About AiG Performance of Mfg Index — Australia
DEFINITION
The AiG Performance of Mfg Index is a widely recognized financial indicator that measures the overall performance of the manufacturing sector in a specific country. It takes into account various factors such as production levels, new orders, employment, and supplier deliveries to provide a comprehensive assessment of the health and growth of the manufacturing industry. This index is used by investors, economists, and policymakers to gauge the strength of the manufacturing sector and its impact on the overall economy.
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 (Dec 2013): actual 47.7. Prior reading (Apr 2013): 44.4.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a similar 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.