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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
AustraliaAustralia PPI QoQ fell to 0.8% in Q4 2024
FMPMonthlyReleased January 2025
Australia PPI QoQ fell to 0.8% in Q4 2024, released January 2025, down 0.2% from September's 1.0% reading. The print came in cooler than the 1.0% consensus, a softer print than forecasters anticipated. PPI QoQ has now declined for 3 consecutive months. PPI QoQ is now the lowest in 15 months.
Latest Release
0.8
Actual
1
Consensus
1
Previous
Median Absolute Error
±0.17 percentage points
across last 12 releases
Last Call
Jan 2025
Predicted: 1
Actual: 0.8
Error: +0.2
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
PPI QoQ (Australia) was reported at 0.8% in January 2025. This missed the market consensus of 1% by 0.2%. The reading fell from the previous value of 1%. This is classified as a medium-impact indicator released on a monthly basis.
WHY IT MATTERS
The indicator has been trending downward over the last three releases. The trailing three releases averaged 0.9%, down from the prior three at 1.2%.
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). Over the last 12 releases, the Sigmacast model's median absolute error is 0.18%.
WHAT TO WATCH NEXT
Same-country events in the next 14 days include RBA Hunter Speech (Sep 21) and S&P Global Manufacturing PMI (Sep 22).
Auto-generated from current model state · Refreshes on each release · Last update January 2025.
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PPI QoQ - AU
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About PPI QoQ — Australia
DEFINITION
PPI QoQ stands for Producer Price Index Quarter-over-Quarter, which is a key economic indicator used to measure the average change in prices received by domestic producers for their goods and services over a quarter. This indicator provides valuable insights into inflationary pressures in the economy and is closely monitored by investors, policymakers, and businesses to make informed decisions. A positive PPI QoQ indicates an increase in prices, while a negative reading suggests a decrease. Overall, PPI QoQ is an important tool for assessing the health of the economy and forecasting future trends.
WHY THIS INDICATOR MATTERS
Inflation prints feed directly into central-bank policy expectations and real-yield calculations, and are among the most rate-sensitive releases on the calendar. Surprises against consensus can drive short-term moves, particularly when the print breaks an established trend. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Oct 2024): actual 0.8 %, consensus 1 %. Prior reading (Jul 2024): 0.9 %. Before that (Apr 2024): 1 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a similar 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.
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EXPECTED ZONE
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Economic Calendar - AU Events
| Tuesday, September 22, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 23:00 | AU | S&P Global Manufacturing PMI | 52 | 51.7 | 52.30 | Medium | |
| 23:00 | AU | S&P Global Composite PMI | 52.7 | 52 | 52.35 | Low | |
| 23:00 | AU | S&P Global Services PMI | 53.2 | 52.5 | 52.95 | Medium | |
| Thursday, September 24, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
| 01:30 | AU | Participation Rate | 66.9 | 66.9 | 66.90 | Low | |
| 01:30 | AU | Employment Change | -15.8 | 20 | 20.00 | High | |
| 01:30 | AU | Unemployment Rate | 4.5 | 4.5 | 4.50 | High | |