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Data from Financial Modeling Prep. Forecasts by Sigmanomics Forecast Engine.
AustraliaHIA New Home Sales MoM climbed to 6.2 in February 2020
Financial Modeling PrepMonthlyReleased March 2020
HIA New Home Sales MoM climbed to 6.2 in February 2020, up 0.5 from January's 5.7 reading. The print exceeded the -1.9 consensus by 8.1. HIA New Home Sales MoM has now risen for 4 consecutive months. Over the past 3 months, HIA New Home Sales MoM averaged 2.4, vs 4.17 in the prior 3-month window. The reading is in the 91st percentile of the trailing 24-month range.
Latest Release
6.2
Actual
-1.9
Consensus
5.7
Previous
The March 2020 reading rose from the previous value of 5.7. Historically, this indicator is positively correlated with AUD/USD (Bullish AUD) and positively correlated with AUD/JPY (Bullish AUD).
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HIA New Home Sales MoM - AU
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