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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
AustraliaAustralia Private New Capital Expenditure QoQ held to 3.6% in Q4 2013
FMPMonthlyReleased November 2013
Australia Private New Capital Expenditure QoQ held to 3.6% in Q4 2013. The print exceeded the -1.2% consensus by 4.8%.
Latest Release
3.6
Actual
-1.2
Consensus
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
Private New Capital Expenditure QoQ (Australia) was reported at 3.6% in November 2013. This beat the market consensus of -1.2% by 4.8%.
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 Employment Change (Jun 18) and Full Time Employment Chg (Jun 18).
Auto-generated from current model state · Refreshes on each release · Last update November 2013.
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Private New Capital Expenditure QoQ - AU
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About Private New Capital Expenditure QoQ — Australia
DEFINITION
Private New Capital Expenditure QoQ is a financial indicator that measures the change in the amount of money invested by private businesses in new capital projects on a quarterly basis. This indicator provides valuable insights into the level of confidence and growth expectations of the private sector, as well as the overall health of the economy. It is a key measure for investors, policymakers, and analysts in assessing the current and future state of the business environment. A positive trend in Private New Capital Expenditure QoQ indicates a strong and expanding economy, while a negative trend may signal a slowdown or contraction.
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 (Nov 2013): actual 3.6 %, consensus -1.2 %.
WHAT'S NEXT
This indicator correlates most strongly with AUD/USD (Bullish AUD, r=0.55) — a useful reference for forex-focused traders.