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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
AustraliaAustralia Westpac Leading Index fell to -0.1% in November 2013
FMPMonthlyReleased December 2013
Australia Westpac Leading Index fell to -0.1% in November 2013, released December 2013, down 0.2% from October's 0.1% reading.
Latest Release
-0.100000
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 Leading Index (Australia) was reported at -0.1% in December 2013. The reading fell 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 Construction Work Done QoQ (May 27) and Inflation Rate YoY (May 27).
Auto-generated from current model state · Refreshes on each release · Last update December 2013.
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Westpac Leading Index - AU
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About Westpac Leading Index — Australia
DEFINITION
The Westpac Leading Index is a highly regarded financial indicator that provides valuable insights into the future direction of the economy. It is based on a comprehensive analysis of various economic factors, such as consumer sentiment, business confidence, and housing market trends. This indicator is widely used by investors, policymakers, and businesses to make informed decisions and anticipate potential changes in the economic landscape. With its proven track record of accurately predicting economic trends, the Westpac Leading Index is a crucial tool for assessing the overall health and growth potential 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 (Dec 2013): actual -0.1 %.
WHAT'S NEXT
This indicator correlates most strongly with AUD/USD (Bullish AUD, r=0.55) — a useful reference for forex-focused traders.