Australia Leading Economic Index  1960-2017 | Data | Chart | Calendar

The Westpac-Melbourne Institute Leading Economic Index in Australia was flat month-on-month in May of 2017, compared to a 0.1 percent decline in April. 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, fell to 0.62 percent from 1.01 percent in the prior month. Although May's reading shows growth comfortably above trend, momentum has slowed markedly since the beginning of the year. This suggests less stable conditions for Australia's commodity prices as well as for the financial markets. Leading Economic Index in Australia averaged -0.01 percent from 1960 until 2017, reaching an all time high of 0.54 percent in April of 1975 and a record low of -1.07 percent in December of 2008.

Australia Leading Economic Index
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Calendar GMT Actual Previous Consensus Forecast (i)
2017-04-19 12:30 AM Mar 0.1% -0.1% 0.1%
2017-05-24 12:30 AM Apr -0.1% 0.1%
2017-06-21 12:30 AM May 0.0% -0.1% 0.1%
2017-07-19 12:30 AM Jun 0.0%
2017-08-16 12:30 AM Jul
2017-09-20 12:30 AM Aug




Australia Business Last Previous Highest Lowest Unit
Business Confidence 7.00 13.00 20.00 -30.00 [+]
Manufacturing PMI 54.80 59.20 62.13 30.86 [+]
Services PMI 51.50 53.00 57.70 39.00 Index Points [+]
Industrial Production -0.70 0.50 12.40 -7.80 percent [+]
Industrial Production Mom 0.39 0.90 5.10 -7.00 percent [+]
Manufacturing Production -2.30 -1.90 8.70 -11.80 percent [+]
Capacity Utilization 82.44 81.29 84.67 78.24 percent [+]
New Orders 39.00 42.00 47.00 -37.00 [+]
Changes in Inventories 2069.00 208.00 4095.00 -3952.00 AUD Million [+]
Bankruptcies 590.00 745.00 1123.00 217.00 Companies [+]
Corporate Profits 82628.00 77943.00 82628.00 12032.00 AUD Million [+]
Total Vehicle Sales 100476.00 97681.00 100476.00 48099.00 [+]
Car Production 11499.00 6937.00 39306.00 6139.00 Units [+]
Car Registrations 13815.11 13549.45 13815.11 3990.94 Thousand [+]
Leading Economic Index -0.02 -0.08 0.54 -1.07 percent [+]
Small Business Sentiment 9.06 1.56 18.71 -21.10 [+]
Steel Production 431.68 411.21 819.00 238.00 Thousand Tonnes [+]
Private Investment 0.30 -1.00 15.60 -7.60 percent [+]
Mining Production 0.90 5.20 25.40 -16.80 percent [+]
Competitiveness Index 5.19 5.15 5.20 5.08 Points [+]
Competitiveness Rank 22.00 21.00 22.00 15.00 [+]
Business Inventories 1.20 0.00 2.80 -2.80 percent [+]
Corruption Index 79.00 79.00 88.60 79.00 Points [+]
Corruption Rank 13.00 13.00 13.00 7.00 [+]
Ease of Doing Business 15.00 13.00 15.00 9.00 [+]


Australia Leading Economic Index Notes

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 June of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
-0.02 -0.08 0.54 -1.07 1960 - 2017 percent Monthly
1996=100



leading economic index by Country

Last
Australia -0.02 May/17
Brazil 0.28 Apr/17
Canada 0.50 Mar/17
China 0.20 Apr/17
Japan 104.50 Apr/17
Mexico 4.41 Mar/17
Russia 3.10 May/17
South Korea 130.30 Apr/17
Turkey 3.62 May/17
United States 181.55 May/17