Loading page content
Data from FMP. Forecasts by Sigmanomics Forecast Engine.
AustraliaAustralia New Motor Vehicle Sales YoY fell to -0.2% in April 2018
FMPMonthlyReleased May 2018
Australia New Motor Vehicle Sales YoY fell to -0.2% in April 2018, released May 2018, down 1.7% from March's 1.5% reading.
Latest Release
-0.200000
Actual
—
Consensus
1.500000
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 | 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 YoY (Australia) was reported at -0.2% in May 2018. The reading fell from the previous value of 1.5%.
WHY IT MATTERS
The indicator has been trending downward over the last three releases. The trailing three releases averaged 3.03%, down from the prior three at 4.37%.
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 May 2018.
SHARE
New Motor Vehicle Sales YoY - AU
Loading chart data...
About New Motor Vehicle Sales YoY — Australia
DEFINITION
New Motor Vehicle Sales YoY (Year-over-Year) is a financial indicator that measures the percentage change in the number of new motor vehicles sold compared to the same period in the previous year. This indicator is used to assess the strength of the automotive industry and consumer demand for new vehicles. A positive YoY growth indicates a healthy market, while a negative growth may signal a decline in consumer confidence and spending. It is a key metric for investors, economists, and policymakers in evaluating the overall health of the economy.
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 (Apr 2018): actual -0.2 %. Prior reading (Mar 2018): 1.5 %. Before that (Feb 2018): 7.8 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a materially lower reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bearish for this indicator, suggesting a consistent trend 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.