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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
ChinaChina Westpac MNI Consumer Sentiment climbed to 116.6 in December 2016
FMPMonthlyReleased January 2017
China Westpac MNI Consumer Sentiment climbed to 116.6 in December 2016, released January 2017, up 1.7 from November's 114.9 reading.
Latest Release
116.600000
Actual
—
Consensus
114.900000
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 |
|---|---|---|---|---|---|
| USD/CNY | ▼ Inverse | −0.50 | FOREX | Bullish CNY | → View |
| AUD/USD | ▲ Direct | +0.45 | FOREX | Bullish AUD | → View |
| Copper | ▲ Direct | +0.40 | COMMODITIES | Watch | → View |
| XAU/USD | ▲ Direct | +0.35 | COMMODITIES | Watch | → View |
| EUR/USD | ▲ Direct | +0.30 | FOREX | Watch | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Westpac MNI Consumer Sentiment (China) was reported at 116.60 in January 2017. The reading rose from the previous value of 114.90. This is classified as a medium-impact indicator released on a monthly basis.
THE MODEL'S TAKE
Historically, this indicator is negatively correlated with USD/CNY (Bullish CNY). A secondary relationship exists with AUD/USD, positively correlated (Bullish AUD).
WHAT TO WATCH NEXT
Same-country events in the next 14 days include Loan Prime Rate 5Y (Jun 22) and Loan Prime Rate 1Y (Jun 22).
Auto-generated from current model state · Refreshes on each release · Last update January 2017.
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Westpac MNI Consumer Sentiment - CN
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About Westpac MNI Consumer Sentiment — China
DEFINITION
Westpac MNI Consumer Sentiment is a leading financial indicator that measures the overall confidence and outlook of consumers towards the economy and their personal financial situation. It is based on a monthly survey conducted by Westpac and Market News International, providing valuable insights into consumer spending patterns and potential shifts in economic activity. This indicator is widely used by investors, businesses, and policymakers to gauge the health of the economy and make informed decisions.
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. Surprises against consensus can drive short-term moves, particularly when the print breaks an established trend. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Dec 2016): actual 116.6. Prior reading (Nov 2016): 114.9. Before that (Oct 2016): 117.1.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a similar reading versus the latest print. Current dynamics are the primary headwind in the projection. This indicator correlates most strongly with USD/CNY (Bullish CNY, r=-0.50) — a useful reference for forex-focused traders.