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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
AustraliaAustralia CB Leading Indicator fell to -0.4% in November 2016
FMPMonthlyReleased December 2016
Australia CB Leading Indicator fell to -0.4% in November 2016, released December 2016, down 0.9% from October's 0.5% reading.
Latest Release
-0.400000
Actual
—
Consensus
0.500000
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 Indicator (Australia) was reported at -0.4% in December 2016. The reading fell from the previous value of 0.5%. This is classified as a medium-impact indicator released on a monthly basis.
WHY IT MATTERS
The trailing three releases averaged 0.03%, down from the prior three at 0.2%.
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 2016.
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CB Leading Indicator - AU
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About CB Leading Indicator — Australia
DEFINITION
The CB Leading Indicator is a widely recognized financial tool that measures the overall health and direction of the economy. It combines various economic indicators such as employment, consumer spending, and business activity to provide a comprehensive view of the economy's future performance. This indicator is used by financial professionals and policymakers to make informed decisions and forecasts about the economy. Its ability to anticipate economic trends makes it a valuable tool for assessing the current and future 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 (Oct 2016): actual -0.4 %. Prior reading (Sep 2016): 0.5 %. Before that (Aug 2016): 0 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a materially lower reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bearish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary headwind in the current projection. This indicator correlates most strongly with AUD/USD (Bullish AUD, r=0.55) — a useful reference for forex-focused traders.