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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
AustraliaAustralia AIG Services Index fell to 53.7 in November 2019
FMPMonthlyReleased December 2019
Australia AIG Services Index fell to 53.7 in November 2019, released December 2019, down 0.5 from October's 54.2 reading.
Latest Release
53.700000
Actual
—
Consensus
54.200000
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 Services Index (Australia) was reported at 53.70 in December 2019. The reading fell from the previous value of 54.20. This is classified as a medium-impact indicator released on a monthly basis.
WHY IT MATTERS
The trailing three releases averaged 53.13, up from the prior three at 49.17.
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 2019.
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AIG Services Index - AU
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About AIG Services Index — Australia
DEFINITION
The AIG Services Index is a widely recognized financial indicator that measures the performance of the services sector in the United States. It provides valuable insights into the overall health and growth of the economy, as the services sector accounts for a significant portion of the country's GDP. This index is based on a monthly survey of purchasing managers in various industries, making it a reliable and timely measure of business activity and sentiment. Investors and policymakers alike rely on the AIG Services Index to make informed decisions and assess the current state of the economy.
WHY THIS INDICATOR MATTERS
This release contributes to the broader macro picture used by cross-asset investors for positioning and risk management. Surprises against consensus can drive short-term moves, particularly when the print breaks an established trend. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Nov 2019): actual 53.7. Prior reading (Oct 2019): 54.2. Before that (Sep 2019): 51.5.
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.