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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
AustraliaAustralia GDP Consumption fell to 0.7% in September 2015
FMPQuarterlyReleased December 2015
Australia GDP Consumption fell to 0.7% in September 2015, released December 2015, down 0.1% from August's 0.8% reading.
Latest Release
0.700000
Actual
—
Consensus
0.800000
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
GDP Consumption (Australia) was reported at 0.7% in December 2015. The reading fell from the previous value of 0.8%.
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 Interest Rate Decision (Jun 16) and RBA Rate Statement (Jun 16).
Auto-generated from current model state · Refreshes on each release · Last update December 2015.
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GDP Consumption - AU
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About GDP Consumption — Australia
DEFINITION
GDP Consumption is a key financial indicator that measures the total amount of goods and services purchased by households within a country's economy. It is a crucial component of a nation's Gross Domestic Product (GDP) and reflects the overall level of consumer spending, which is a major driver of economic growth. This indicator provides valuable insights into the health of a country's economy and is closely monitored by policymakers, businesses, and investors. A strong GDP Consumption typically indicates a robust economy, while a decline may signal potential economic challenges.
WHY THIS INDICATOR MATTERS
Aggregate growth figures anchor cyclical positioning across asset classes and inform fiscal and monetary policy debate. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released quarterly.
WHAT CHANGED THIS MONTH
Latest reading (Jul 2015): actual 0.7 %. Prior reading (Apr 2015): 0.9 %. Before that (Jan 2015): 0.5 %.
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 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.