Australia Leading Economic Index  1960-2018 | Data | Chart | Calendar

The Westpac-Melbourne Institute Leading Economic Index in Australia was flat on the month in June of 2018, compared to a 0.2 percent fall in a month earlier. Meanwhile, the six month annualised growth rate in the index, which indicates the likely pace of economic activity three to nine months into the future, dropped to -0.33 percent from +0.05 percent in May. It is the first below trend reading since September last year and the weakest index growth rate since July 2017. “The comfortably above trend pace persisted through January to April; slowed in May; and has now moved below trend in June, " said Westpac chief economist, Bill Evans. We will need further confirmation of this below trend movement to be comfortable that the Index has now shifted to a below trend signal for the growth outlook for the remainder of 2018 and into 2019, he added. Leading Economic Index in Australia averaged 0 percent from 1960 until 2018, reaching an all time high of 0.54 percent in April of 1975 and a record low of -1.10 percent in December of 2008.

Australia Leading Economic Index
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Calendar GMT Actual Previous Consensus TEForecast
2018-05-23 01:30 AM Westpac Leading Index MoM 0.2% -0.2% 0.1%
2018-06-20 01:30 AM Westpac Leading Index MoM -0.2% 0.2% 0.1%
2018-07-18 01:30 AM Westpac Leading Index MoM 0% -0.2% 0.2%
2018-08-22 12:30 AM Westpac Leading Index MoM 0% 0.1%
2018-09-20 12:30 AM Westpac Leading Index MoM
2018-10-17 11:30 PM Westpac Leading Index MoM 0.2%


Australia Business Last Previous Highest Lowest Unit
Business Confidence 7.00 6.00 21.00 -30.00 Index Points [+]
Services PMI 53.60 63.00 63.00 39.00 Index Points [+]
Manufacturing PMI 52.00 57.40 63.10 30.86 [+]
Industrial Production 4.40 1.70 12.00 -7.70 percent [+]
Industrial Production Mom 2.20 0.30 5.10 -6.90 percent [+]
Manufacturing Production 6.50 2.40 8.60 -11.80 percent [+]
Capacity Utilization 82.19 82.39 84.67 78.24 percent [+]
New Orders 49.00 31.00 49.00 -37.00 Index Points [+]
Changes in Inventories 1222.00 390.00 4102.00 -3764.00 AUD Million [+]
Bankruptcies 669.00 750.00 1123.00 217.00 Companies [+]
Corporate Profits 86499.00 81652.00 86499.00 12032.00 AUD Million [+]
Total Vehicle Sales 130300.00 100754.00 130300.00 48099.00 [+]
Car Registrations 14078.61 13815.11 14078.61 3990.94 Thousand [+]
Leading Economic Index 0.01 -0.24 0.54 -1.10 percent [+]
Small Business Sentiment 1.54 7.92 18.71 -21.10 [+]
Internet Speed 11063.10 10098.33 11063.10 1922.87 KBps [+]
IP Addresses 9859878.00 9310525.00 13859005.00 5227461.00 IP [+]
Private Investment 0.40 0.20 15.60 -8.10 percent [+]
Mining Production 4.40 1.00 25.60 -16.90 percent [+]
Steel Production 506.96 518.03 819.00 238.00 Thousand Tonnes [+]
Corruption Index 77.00 79.00 88.60 77.00 Points [+]
Corruption Rank 13.00 13.00 13.00 7.00 [+]
Competitiveness Index 5.19 5.19 5.20 5.08 Points [+]
Competitiveness Rank 21.00 22.00 22.00 15.00 [+]
Composite Pmi 52.30 52.90 58.30 52.30 Index Points [+]
Business Inventories 0.70 0.20 2.80 -2.80 percent [+]
Ease of Doing Business 14.00 15.00 15.00 9.00 [+]


Australia Leading Economic Index

The Westpac-Melbourne Institute Leading Index of Economic Activity combines a selection of economic variables that typically lead fluctuations in economic activity into a single measure that provides a reliable cyclical indicator for the Australian economy. The index includes the following components: S&P/ASX 200, dwelling approvals, US industrial production, RBA Commodity Prices Index (A$), aggregate monthly hours worked, Westpac-MI CSI expectations index, Westpac-MI Unemployment expectations index, yield spread (10Y bond – 90D bill). The index has a base value of 100 as of 1996. This page provides the latest reported value for - Australia Leading Economic Index - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Australia Leading Economic Index - actual data, historical chart and calendar of releases - was last updated on August of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
0.01 -0.24 0.54 -1.10 1960 - 2018 percent Monthly
1996=100




leading economic index by Country
Country Last
Australia 0.01 Jun/18
Brazil 3.29 Jun/18
Canada 0.50 May/18
Japan 105.20 Jun/18
Mexico 2.20 May/18
Russia 1.80 Jul/18
South Korea 113.00 Jun/18
Turkey 4.42 Jan/18
United Kingdom 0.40 Jun/18
United States 123.25 Jun/18


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