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

The Westpac-Melbourne Institute Leading Economic Index in Australia declined by 0.2 percent month-on-month in March of 2018, compared to an upwardly revised 0.4 percent rise in a month earlier. Meanwhile, the six month annualized growth rate in the index, which indicates the likely pace of economic activity three to nine months into the future, fell to 0.69 percent from 1.43 percent in February. “The growth rate in the index remains in positive territory signalling above trend growth over much of the remainder of 2018, said Westpac's chief economist, Bill Evans. Drivers of the slowdown in the month have been from the domestic components – a slowing labour market; and some weakness in housing while rising short term interest rates have reflected liquidity pressures from global markets, 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 -1.08 percent in December of 2008.

Australia Leading Economic Index
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Calendar GMT Actual Previous Consensus TEForecast
2018-02-21 12:30 AM Westpac Leading Index MoM -0.2% 0.2% -0.2% 0.1%
2018-03-20 11:30 PM Westpac Leading Index MoM 0.3% -0.2% 0.1%
2018-04-18 01:30 AM Westpac Leading Index MoM -0.2% 0.4% 0.1%
2018-05-24 12:30 AM Westpac Leading Index MoM -0.2% 0.1%
2018-06-21 12:30 AM Westpac Leading Index MoM
2018-07-19 12:30 AM Westpac Leading Index MoM 0.1%


Australia Business Last Previous Highest Lowest Unit
Business Confidence 7.00 9.00 21.00 -30.00 Index Points [+]
Services PMI 56.90 54.00 57.70 39.00 Index Points [+]
Manufacturing PMI 63.10 57.50 63.10 30.86 [+]
Industrial Production 1.70 2.40 12.00 -7.70 percent [+]
Industrial Production Mom 0.00 0.60 5.10 -7.10 percent [+]
Manufacturing Production 2.40 2.80 8.60 -11.80 percent [+]
Capacity Utilization 82.36 82.48 84.67 78.24 percent [+]
New Orders 31.00 33.00 47.00 -37.00 Index Points [+]
Changes in Inventories 14.00 -93.00 4102.00 -3762.00 AUD Million [+]
Bankruptcies 645.00 461.00 1123.00 217.00 Companies [+]
Corporate Profits 81045.00 79323.00 82490.00 12032.00 AUD Million [+]
Total Vehicle Sales 106988.00 95999.00 106988.00 48099.00 [+]
Car Registrations 14078.61 13815.11 14078.61 3990.94 Thousand [+]
Leading Economic Index -0.23 0.43 0.54 -1.08 percent [+]
Small Business Sentiment 3.36 7.65 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 -0.20 1.90 15.60 -8.10 percent [+]
Mining Production 1.10 2.40 25.60 -16.90 percent [+]
Steel Production 424.96 493.09 819.00 238.00 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 55.40 54.30 58.30 53.10 Index Points [+]
Business Inventories 0.20 0.10 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 April of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
-0.23 0.43 0.54 -1.08 1960 - 2018 percent Monthly
1996=100




leading economic index by Country
Country Last
Australia -0.23 Mar/18
Brazil 0.09 Feb/18
Canada -0.10 Jan/18
China 100.53 Dec/17
Japan 106.00 Feb/18
Mexico 2.40 Feb/18
Russia 1.30 Feb/18
South Korea 112.20 Feb/18
Turkey 4.42 Jan/18
United States 122.34 Feb/18


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