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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 RELEASE
New Motor Vehicle Sales MoM (Australia) was reported at 4.5% in January 2018. The reading rose from the previous value of 0.2%.
WHY IT MATTERS
The indicator has been trending upward over the last three releases. The trailing three releases averaged 1.53%, up from the prior three at -0.83%.
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 January 2018.
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New Motor Vehicle Sales MoM - AU
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About New Motor Vehicle Sales MoM — Australia
DEFINITION
New Motor Vehicle Sales MoM (Month-over-Month) is a financial indicator that measures the change in the number of new motor vehicles sold in a given month compared to the previous month. This indicator is used by economists and investors to track the health of the automotive industry and consumer spending patterns. A positive MoM change indicates an increase in consumer demand for new vehicles, while a negative change may suggest a slowdown in the industry. This data can provide valuable insights into the overall economic climate and consumer confidence.
WHY THIS INDICATOR MATTERS
This release contributes to the broader macro picture used by cross-asset investors for positioning and risk management. 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 (Dec 2017): actual 4.5 %. Prior reading (Nov 2017): 0.1 %. Before that (Nov 2017): 0.1 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a materially higher reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bullish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary tailwind in the current projection. This indicator correlates most strongly with AUD/USD (Bullish AUD, r=0.55) — a useful reference for forex-focused traders.