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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
AustraliaAustralia New Motor Vehicle Sales MoM climbed to 0.6 in January 2017
FMPMonthlyReleased February 2017
Australia New Motor Vehicle Sales MoM climbed to 0.6 in January 2017, released February 2017, up 0.5 from December's 0.1 reading. The print exceeded the 0.2 consensus by 0.4. New Motor Vehicle Sales MoM has now risen for 4 consecutive months. Over the past 3 months, New Motor Vehicle Sales MoM averaged -0.15, vs 0.07 in the prior 3-month window. The reading is in the 68th percentile of the trailing 24-month range.
Latest Release
0.6
Actual
0.2
Consensus
0.1
Previous
Median Absolute Error
±1.25 percentage points
across last 3 releases
Last Call
Feb 2017
Predicted: 0.2
Actual: 0.6
Error: -0.4
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 February 2017 reading rose from the previous value of 0.1. Over the last 3 releases, the Sigmanomics model has produced a median absolute forecast error of ±1.25. Historically, this indicator is positively correlated with AUD/USD (Bullish AUD) and positively correlated with AUD/JPY (Bullish AUD).
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New Motor Vehicle Sales MoM - AU
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