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

The Westpac-Melbourne Institute Leading Economic Index in Australia declined by 0.1 percent month-on-month in August of 2017, compared to a 0.1 percent rise in the prior month. 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, slipped to -0.19 percent in August from -0.04 percent in July. “The growth rate remains negative for a third consecutive month pointing to below trend momentum and a sharp turnaround from strong positive, above trend reads at the start of the year,” said Westpac’s Chief Economist, Bill Evans. 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 -1.08 percent in December of 2008.

Australia Leading Economic Index
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Calendar GMT Actual Previous Consensus TEForecast
2017-07-19 12:30 AM Westpac Leading Index MoM -0.1% 0.0% 0.1%
2017-08-16 12:30 AM Westpac Leading Index MoM 0.1% -0.2% 0.2%
2017-09-20 12:30 AM Westpac Leading Index MoM -0.1% 0.1% 0.1%
2017-10-17 11:30 PM Westpac Leading Index MoM -0.1%
2017-11-21 11:30 PM Westpac Leading Index MoM
2017-12-19 11:30 PM Westpac Leading Index MoM


Australia Business Last Previous Highest Lowest Unit
Business Confidence 5.00 12.00 20.00 -30.00 [+]
Services PMI 53.00 56.40 57.70 39.00 Index Points [+]
Manufacturing PMI 59.80 56.00 62.13 30.86 [+]
Industrial Production 0.70 -0.50 12.40 -7.80 percent [+]
Industrial Production Mom 0.80 0.30 5.10 -7.00 percent [+]
Manufacturing Production -0.40 -2.00 8.70 -11.80 percent [+]
Capacity Utilization 81.57 81.93 84.67 78.24 percent [+]
New Orders 38.00 39.00 47.00 -37.00 [+]
Changes in Inventories -419.00 1928.00 4095.00 -3956.00 AUD Million [+]
Bankruptcies 719.00 816.00 1123.00 217.00 Companies [+]
Corporate Profits 78688.00 82421.00 82421.00 12032.00 AUD Million [+]
Total Vehicle Sales 99564.00 99527.00 101977.00 48099.00 [+]
Car Production 12220.00 11193.00 39306.00 6139.00 Units [+]
Car Registrations 13815.11 13549.45 13815.11 3990.94 Thousand [+]
Leading Economic Index -0.09 0.10 0.54 -1.08 percent [+]
Small Business Sentiment -2.81 9.06 18.71 -21.10 [+]
Steel Production 461.27 458.89 819.00 238.00 Thousand Tonnes [+]
Private Investment 0.80 0.90 15.60 -8.10 percent [+]
Mining Production 2.90 1.40 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 -0.40 1.10 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

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 September of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
-0.09 0.10 0.54 -1.08 1960 - 2017 percent Monthly
1996=100




leading economic index by Country

Last
Australia -0.09 Aug/17
Brazil 0.41 Jul/17
Canada 0.30 Jun/17
China 0.20 Apr/17
Japan 105.20 Jul/17
Mexico 1.00 Jul/17
Russia 1.50 Jul/17
South Korea 132.60 Jul/17
Turkey 5.07 Aug/17
United States 182.28 Jul/17