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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
AustraliaAustralia Imports YoY fell to 1.0% in September 2013
FMPMonthlyReleased October 2013
Australia Imports YoY fell to 1.0% in September 2013, released October 2013, down 3.0% from August's 4.0% reading.
Latest Release
1.000000
Actual
—
Consensus
4.000000
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
Imports YoY (Australia) was reported at 1% in October 2013. The reading fell from the previous value of 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 October 2013.
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Imports YoY - AU
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About Imports YoY — Australia
DEFINITION
Imports YoY is a financial indicator that measures the year-over-year change in the total value of goods and services imported into a country. It provides valuable insights into a country's economic health and its trade relationships with other nations. A positive Imports YoY indicates an increase in imports, which can stimulate economic growth and consumer demand. On the other hand, a negative Imports YoY may suggest a decline in economic activity and potential trade imbalances. This indicator is closely monitored by investors, policymakers, and businesses to make informed decisions and assess the overall health of a country's economy.
WHY THIS INDICATOR MATTERS
Trade-balance and tariff data inform exchange-rate fundamentals and feed directly into GDP via the net-exports channel. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Oct 2013): actual 1 %. Prior reading (Sep 2013): 4 %. Before that (Aug 2013): -2 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a similar reading versus the latest print. Current dynamics are the primary neutral force in the 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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