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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
AustraliaAustralia AiG Performance Serv Index fell to 46.1 in December 2013
FMPMonthlyReleased January 2014
Australia AiG Performance Serv Index fell to 46.1 in December 2013, released January 2014, down 2.8 from November's 48.9 reading.
Latest Release
46.100000
Actual
—
Consensus
48.900000
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 Serv Index (Australia) was reported at 46.10 in January 2014. The reading fell from the previous value of 48.90.
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 January 2014.
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AiG Performance Serv Index - AU
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About AiG Performance Serv Index — Australia
DEFINITION
The AiG Performance Serv Index is a leading financial indicator that measures the performance of the service sector in Australia. It provides valuable insights into the health and growth of the service industry, which is a key driver of the Australian economy. This index is based on a survey of business activity, sales, and employment levels, and is widely used by investors, policymakers, and businesses to make informed decisions and forecasts. With its timely and accurate data, the AiG Performance Serv Index is an essential tool for monitoring and analyzing the performance of the service sector in Australia.
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 (Jan 2014): actual 46.1.
WHAT'S NEXT
This indicator correlates most strongly with AUD/USD (Bullish AUD, r=0.55) — a useful reference for forex-focused traders.