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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
AustraliaAustralia Private Sector Credit held to 0.3% in June 2013
FMPMonthlyReleased June 2013
Australia Private Sector Credit held to 0.3% in June 2013.
Latest Release
0.300000
Actual
—
Consensus
0.300000
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 Sector Credit (Australia) was reported at 0.3% in June 2013. The reading was unchanged from the previous release.
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 June 2013.
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Private Sector Credit - AU
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About Private Sector Credit — Australia
DEFINITION
Growth Private Sector Credit Growth is a financial indicator that measures the rate at which credit is being extended to businesses and individuals by private sector lenders. It is a key indicator of the overall health and growth of the economy, as it reflects the level of borrowing and investment activity in the private sector. A higher credit growth rate indicates a growing economy, while a lower rate may signal potential economic slowdown. This indicator is closely monitored by financial analysts and policymakers to assess the strength of the private sector and inform economic decision-making.
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 (Jun 2013): actual 3 %. Prior reading (Jun 2013): 0.3 %. Before that (May 2013): 0.3 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a similar reading versus the latest print. The 1-month and 3-month horizons disagree, suggesting a mixed signal. Trend-driven dynamics are the primary neutral force in the current projection. This indicator correlates most strongly with AUD/USD (Bullish AUD, r=0.55) — a useful reference for forex-focused traders.