Australia AUD

Australia Ai Group Industry Index

Impact:
Medium

Latest Release:

Date:
Surprise:
2.5
| AUD
Actual:
-12.5
Forecast: -15
Previous/Revision:
-11.2
Period: Nov

Next Release:

Date:
Forecast: -14
Period: Jan
What Does It Measure?
The Ai Group Industry Index measures the performance and outlook of Australia's manufacturing sector, focusing on key areas such as production, employment, and new orders. It is derived from a survey of purchasing managers across various industries and provides insights on economic activity specific to the Australian manufacturing landscape.
Frequency
This index is released monthly, typically on the first Wednesday of each month, and consists of preliminary estimates that may be revised in subsequent releases.
Why Do Traders Care?
Traders monitor the Ai Group Industry Index closely because it reflects manufacturing sector health, which can influence the Australian dollar (AUD) and stock market performance. Higher-than-expected values often signal economic expansion, potentially leading to bullish sentiment in both the currency and equities markets.
What Is It Derived From?
The index is derived from surveys conducted among purchasing managers in the manufacturing sector, capturing their responses regarding production levels, new orders, and employment. The data collection employs diffusion indices to assess expansionary or contractionary trends based on the responses received.
Description
The Ai Group Industry Index is reported as a diffusion index, where a value above 50 indicates an expansion in manufacturing activity, while below 50 signifies contraction. This measure is particularly useful for traders looking to identify trends in Australia's economic performance, especially as it relates to production capacity and employment levels within the manufacturing sector.
Additional Notes
The Ai Group Industry Index is considered a leading economic indicator that helps forecast broader economic trends. In comparison to other reports such as the PMI and GDP reports, it offers more immediate insights into changing conditions in the manufacturing sector.
Bullish or Bearish for Currency and Stocks
Higher than expected: Bullish for AUD, Bullish for Stocks. Lower than expected: Bearish for AUD, Bearish 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
-12.5
-15
-11.2
2.5
-11.2
-18
-16
6.8
-16
-15
-13.9
-1
-13.9
-2.6
-3.2
-11.3
-3.2
-8.9
-11.9
5.7
-11.9
-3
-12.3
-8.9
-12.3
-10
-15
-2.3
-15
-26
-22.2
11
-22.2
-17.8
-17.6
-4.4
-17.6
-15
-17.4
-2.6
-17.4
-15
-10.8
-2.4
-10.8
-21.3
-28.8
10.5
-28.8
-13
-18.6
-15.8
-18.6
-10
-23.5
-8.6
-23.5
-19.2
-20.7
-4.3
-20.7
-22
-25.6
1.3
-25.6
-25
-40.3
-0.6
-40.3
-10
-8.9
-30.3
-8.9
-4
-5.3
-4.9
-5.3
-17
-14.9
11.7
-14.9
-22
-27.3
7.1
-27.3
-26
-22.4
-1.3
-22.4
-8
-9.9
-14.4
-9.9
-6
-3.5
-3.9
-3.5
-13
-11.6
9.5
-11.6
-16
-14.7
4.4
-14.7
-16
-11.9
1.3
-11.9
-14
-10.9
2.1
-10.9
-26
-20.1
15.1
20.1
-7
-6.1
27.1
-6.1
2
-1.7
-8.1
-1.8
-10
-11.6
8.2
-11.6
-1.1
Broker Rebates