What is it? It checks the level of a diffusion index based on surveyed businesses, excluding the farming industry.
It's a leading indicator of economic health - businesses react quickly to market conditions, and changes in their sentiment can be an early signal of future economic activity such as spending, hiring, and investment.
Usual Effect: If the number is higher than expected, you can expect the AUD to rise.
When? October 13th at 8:30pm Eastern Time.
Trading Tip: This announcement can greatly affect the AUD, make sure to make your trades before.
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