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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
AustraliaAustralia CB Leading Index climbed to 0.5% in November 2013
FMPMonthlyReleased December 2013
Australia CB Leading Index climbed to 0.5% in November 2013, released December 2013, up 0.2% from October's 0.3% reading.
Latest Release
0.500000
Actual
—
Consensus
0.300000
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
CB Leading Index (Australia) was reported at 0.5% in December 2013. The reading rose from the previous value of 0.3%.
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 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 2013.
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CB Leading Index - AU
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About CB Leading Index — Australia
DEFINITION
The CB Leading Index is a widely recognized financial indicator that measures the overall economic health and potential future performance of a country's economy. It is based on a composite of various economic factors, such as stock prices, consumer expectations, and interest rates, and is used by investors and policymakers to make informed decisions about the direction of the economy. The CB Leading Index provides valuable insights into the current and future state of the economy, making it a crucial tool for assessing market trends and making strategic financial decisions.
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 0.5 %. Prior reading (Nov 2013): 0.3 %. Before that (Oct 2013): -0.2 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a higher 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.