Australia AUD

Australia Ai Group Construction Index

Impact:
Low

Latest Release:

Date:
Surprise:
-9.7
Actual:
-18.7
Forecast: -9
Previous/Revision:
-7.1
Period: Nov

Next Release:

Date:
Forecast: -15
Period: Jan
What Does It Measure?
The Ai Group Construction Index measures activity levels within the construction sector of the Australian economy, focusing on production, employment, and new orders. It assesses key components such as performance across residential, commercial, and engineering construction, providing insights into the health of the construction industry on a national scale.
Frequency
The Ai Group Construction Index is released monthly, providing timely updates on construction sector performance with the publication typically occurring on the first Monday of each month.
Why Do Traders Care?
Traders monitor this index due to its implications for economic growth, as a thriving construction sector often correlates with increased employment and consumer spending. Changes in the index can influence market sentiment toward the Australian dollar (AUD) and impact related equities, particularly in real estate and materials.
What Is It Derived From?
The index is derived from a monthly survey of senior executives in the construction sector, who provide insights on current conditions and expectations. It utilizes a weighted diffusion index method, where responses above 50 indicate expansion and those below indicate contraction, reflecting overall activity levels in the sector.
Description
Preliminary reports from the Ai Group Construction Index are based on early responses and may be subject to changes as additional data comes in, while final reports provide a more definitive outlook. Month-over-Month (MoM) comparisons are used to highlight short-term fluctuations, helping traders understand immediate market shifts, although Year-over-Year (YoY) reporting is also common for broader trend analysis.
Additional Notes
This index serves as a leading economic measure, often signaling future trends in economic activity well before they become apparent in broader economic reports. Its relationships with other indicators, such as GDP growth and employment statistics, provide valuable context for interpreting the current economic landscape in Australia.
Bullish or Bearish for Currency and Stocks
Higher than expected: Bullish for AUD, Bullish for Stocks.

Legend

High Potential Impact
This event has a strong potential to move markets significantly. If the 'Actual' value differs enough from the forecast or if the 'Previous' value is significantly revised, it signals new information that markets may rapidly adjust to.

Medium Potential Impact
This event may cause moderate market movement, especially if the 'Actual' deviates from the forecast or there's a notable revision to the 'Previous' value.

Low Potential Impact
This event is unlikely to affect market pricing unless there's an unexpected surprise or a major revision to prior data.

Surprise - Currency May Strengthen
Actual deviated from Forecast on a medium or high impact event and historically could strengthen the currency.

Surprise - Currency May Weaken
Actual deviated from Forcast on a medium or high impact event and historically could weaken the currency.

Big Surprise - Currency More Likely To Strengthen
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely strengthen the currency.

Big Surprise - Currency More Likely To Weaken
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely weaken the currency

Green Number Better than forecast for the currency (or previous revise better)
Red Number Worse than forecast for the currency (or previous revise better)
Hawkish Supports higher interest rates to fight inflation, strengthening the currency but weighing on stocks.
Dovish Favors lower rates to boost growth, weakening the currency but lifting stocks.
Date Time Actual Forecast Previous Surprise
-18.7
-9
-7.1
-9.7
-7.1
-10
12.3
2.9
-12.3
1.3
1
-13.6
1
-2
-1.3
3
-1.3
-10
-14.9
8.7
-14.9
-2
-6.4
-12.9
-6.4
-6
-7.9
-0.4
-7.9
-22
-19.3
14.1
-19.3
-5
-3.7
-14.3
-3.7
-23
-20
19.3
-20
-25
-19
5
-19
-32
-40.9
13
-40.9
-14
-19.8
-26.9
-19.8
-23
-38.1
3.2
-38.1
-22
-23.2
-16.1
-23.2
-15
-23.2
-8.2
-23.2
-40
-68.1
16.8
-68.1
-28
-25.6
-40.1
-25.6
-14
-12.9
-11.6
-12.9
-10
-18.4
-2.9
-18.4
-7
-11.5
-11.4
-11.5
-24
-22.2
12.5
-22.2
15
18.5
-37.2
18.5
5.1
7.1
13.4
7.1
-12
-9.9
19.1
-9.9
-10
-9.2
0.1
-9.2
12
10.6
-21.2
10.6
-8
-6.6
18.6
-6.6
-16
-12.4
9.4
-12.4
-6.6
-5.8
-5.8
-5.8
-8
-5
2.2
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