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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
AustraliaAustralia GDP Deflator QoQ climbed to 1.6% in Q4 2022
FMPQuarterlyReleased March 2023
Australia GDP Deflator QoQ climbed to 1.6% in Q4 2022, released March 2023, up 1.1% from November's 0.5% reading.
Latest Release
1.600000
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 | Co-movement | Action |
|---|---|---|---|---|---|
| AUD/USD | ▲ Direct | +0.55 | FOREX | Moves with | → View |
| AUD/JPY | ▲ Direct | +0.45 | FOREX | Moves with | → View |
| AUD/NZD | ▲ Direct | +0.40 | FOREX | Moves with | → View |
| XAU/USD | ▲ Direct | +0.35 | COMMODITIES | Moves with | → View |
| NZD/USD | ▲ Direct | +0.35 | FOREX | Moves with | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
GDP Deflator QoQ (Australia) was reported at 1.6% in March 2023. The reading rose from the previous value of 0.5%.
WHY IT MATTERS
The trailing three releases averaged 1.7%, up from the prior three at 1.4%.
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).
Auto-generated from current model state · Refreshes on each release · Last update March 2023.
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GDP Deflator QoQ - AU
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About GDP Deflator QoQ — Australia
DEFINITION
The GDP Deflator QoQ is a financial indicator that measures the change in the overall price level of goods and services produced within a country over a quarter. It takes into account both the changes in prices and the quantity of goods and services produced, providing insight into the inflationary or deflationary pressures on a country's economy. This indicator is widely used by economists and policymakers to monitor the overall health and stability of a country's economy. A positive change in the GDP Deflator QoQ suggests an increase in prices and a potential rise in inflation, while a negative change indicates a decrease in prices and potential deflation.
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 (Oct 2022): actual 1.6 %. Prior reading (Jul 2022): 0.2 %. Before that (Apr 2022): 3.3 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a materially lower reading versus the latest print, with the 3-month outlook diverging from that direction. The 1-month and 3-month horizons disagree, suggesting a mixed 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.
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EXPECTED ZONE
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