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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
ChinaChina Westpac MNI Consumer Sentiment Indicator climbed to 115.2 in September 2016
FMPMonthlyReleased September 2016
China Westpac MNI Consumer Sentiment Indicator climbed to 115.2 in September 2016, up 3.7 from August's 111.5 reading.
Latest Release
115.200000
Actual
—
Consensus
111.500000
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 Indicator (China) was reported at 115.20 in September 2016. The reading rose from the previous value of 111.50.
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 New Loans (Jun 13) and House Price Index YoY (Jun 16).
Auto-generated from current model state · Refreshes on each release · Last update September 2016.
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Westpac MNI Consumer Sentiment Indicator - CN
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About Westpac MNI Consumer Sentiment Indicator — China
DEFINITION
The Westpac MNI Consumer Sentiment Indicator is a highly regarded financial measure that tracks the overall confidence and outlook of consumers towards the economy. It is based on a survey of households and provides valuable insights into consumer spending patterns and future economic trends. This indicator is widely used by investors, businesses, and policymakers to gauge the health of the economy and make informed decisions. With its strong track record and timely updates, the Westpac MNI Consumer Sentiment Indicator is a crucial tool for understanding consumer behavior and market sentiment.
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 (Sep 2016): actual 115.2. Prior reading (Aug 2016): 111.5.
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.