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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
AustraliaAustralia GDP Deflator fell to -0.5% in June 2015
FMPQuarterlyReleased September 2015
Australia GDP Deflator fell to -0.5% in June 2015, released September 2015, down 0.6% from May's 0.1% reading.
Latest Release
-0.500000
Actual
—
Consensus
0.100000
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 Deflator (Australia) was reported at -0.5% in September 2015. The reading fell from the previous value of 0.1%.
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 September 2015.
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GDP Deflator - AU
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About GDP Deflator — Australia
DEFINITION
The GDP Deflator is a financial indicator that measures the overall change in prices of all goods and services produced within a country's borders. It is used to adjust the Gross Domestic Product (GDP) for inflation, providing a more accurate representation of a country's economic growth. This indicator is important for policymakers and investors as it reflects the overall health and stability of a country's economy. A higher GDP Deflator indicates a higher level of inflation, while a lower GDP Deflator suggests a lower level of inflation.
WHY THIS INDICATOR MATTERS
Inflation prints feed directly into central-bank policy expectations and real-yield calculations, and are among the most rate-sensitive releases on the calendar. 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 (Apr 2015): actual -0.5 %. Prior reading (Jan 2015): 0 %. Before that (Oct 2014): -0.2 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a materially higher reading versus the latest print. Current dynamics are the primary tailwind in the projection. This indicator correlates most strongly with AUD/USD (Bullish AUD, r=0.55) — a useful reference for forex-focused traders.