AiG Industry Index

The AiG Industry Index, released on a monthly basis by the Australian Industry Group, is a leading indicator gauging private-business activity in Australia. This indicator integrates the different sub-indexes calculated by the AiG, including the manufacturing, construction, and services sectors – industries that together account for 36% of the Australian economy. The Australian Industry Index is based on monthly surveys from a national sample of Australian businesses. A positive reading indicates that activity is expanding; negative indicates contraction. The distance from zero indicates the strength of the expansion or decline. A positive reading tends to be a bullish sign for the Australian Dollar (AUD). Meanwhile, a negative reading is seen as bearish for AUD.