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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
AustraliaAustralia Westpac Consumer Confidence MoM climbed to 3.5% in July 2013
FMPMonthlyReleased August 2013
Australia Westpac Consumer Confidence MoM climbed to 3.5% in July 2013, released August 2013, up 3.6% from June's -0.1% reading.
Latest Release
3.500000
Actual
—
Consensus
-0.100000
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
Westpac Consumer Confidence MoM (Australia) was reported at 3.5% in August 2013. The reading rose from the previous value of -0.1%.
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 Interest Rate Decision (Jun 16) and RBA Rate Statement (Jun 16).
Auto-generated from current model state · Refreshes on each release · Last update August 2013.
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Westpac Consumer Confidence MoM - AU
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About Westpac Consumer Confidence MoM — Australia
DEFINITION
The Westpac Consumer Confidence MoM is a key financial indicator that measures the monthly change in the level of optimism or pessimism among Australian consumers regarding the state of the economy. This indicator is based on a survey of consumer attitudes towards their personal finances, job prospects, and overall economic conditions. It provides valuable insights into consumer spending patterns and can be used to gauge the health of the economy. Investors and policymakers closely monitor this indicator to make informed decisions about economic trends and potential market shifts.
WHY THIS INDICATOR MATTERS
Sentiment surveys are forward-looking inputs that often lead hard data on output and hiring. Sharp swings can drive cross-asset repricing. 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 (Aug 2013): actual 3.5 %.
WHAT'S NEXT
This indicator correlates most strongly with AUD/USD (Bullish AUD, r=0.55) — a useful reference for forex-focused traders.