The Westpac-Melbourne Institute Leading Economic Index in Australia decreased by 0.1 percent month-over-month in November of 2018, after a downwardly revised 0.08 percent rise in the previous month. 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, rose to 0.43 percent from 0.1 percent in October. “This latest lift in the index growth rate comes as a surprise but does not override the general message from the index over most of 2018.” said Westpac chief economist, Bill Evans. 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.

Leading Economic Index in Australia is expected to be 0.10 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Leading Economic Index in Australia to stand at 0.00 in 12 months time. In the long-term, the Australia Leading Economic Index is projected to trend around 0.10 percent in 2020, according to our econometric models.

Australia Leading Economic Index
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Calendar GMT Actual Previous Consensus TEForecast
2018-09-19 01:30 AM Westpac Leading Index MoM 0.1% 0% -0.2%
2018-10-17 12:30 AM Westpac Leading Index MoM -0.1% 0% 0.2%
2018-11-21 12:30 AM Westpac Leading Index MoM 0.1% 0.0% 0.1%
2018-12-18 11:30 PM Westpac Leading Index MoM -0.1% 0.08% 0.1%
2019-01-24 12:00 AM Westpac Leading Index MoM 0.10%
2019-02-21 12:30 AM Westpac Leading Index MoM
2019-03-20 11:30 PM Westpac Leading Index MoM


Australia Business Last Previous Highest Lowest Unit
Business Confidence 3.00 5.00 21.00 -30.00 Index Points [+]
Services PMI 55.10 51.10 63.00 39.00 Index Points [+]
Manufacturing PMI 51.30 58.30 63.10 30.86 [+]
Industrial Production 2.80 4.30 12.60 -7.60 percent [+]
Industrial Production Mom -0.80 0.70 5.10 -7.00 percent [+]
Manufacturing Production -0.70 2.10 8.60 -11.80 percent [+]
Capacity Utilization 82.15 81.84 84.67 78.24 percent [+]
New Orders 34.00 31.00 49.00 -37.00 Index Points [+]
Changes in Inventories 47.00 1223.00 4159.00 -3845.00 AUD Million [+]
Bankruptcies 742.00 635.00 1123.00 217.00 Companies [+]
Corporate Profits 90221.00 88576.00 90221.00 12032.00 AUD Million [+]
Total Vehicle Sales 93860.00 90718.00 130300.00 48099.00 [+]
Car Registrations 14078.61 13815.11 14078.61 3990.94 Thousand [+]
Leading Economic Index -0.10 0.08 0.54 -1.10 percent [+]
Small Business Sentiment -4.01 1.54 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 -0.50 -0.90 15.60 -8.40 percent [+]
Mining Production 6.10 6.30 25.20 -16.90 percent [+]
Steel Production 440.55 433.73 819.00 238.00 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 78.85 78.17 78.85 5.08 Points [+]
Competitiveness Rank 14.00 15.00 22.00 14.00 [+]
Composite Pmi 52.40 52.90 58.30 52.00 Index Points [+]
Business Inventories 0.00 0.70 2.80 -2.80 percent [+]
Ease of Doing Business 18.00 14.00 18.00 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 December of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
-0.10 0.08 0.54 -1.10 1960 - 2018 percent Monthly
1996=100




Country Last Previous
Argentina -4.50 Oct/18
Australia -0.10 Nov/18
Brazil 0.02 Oct/18
Canada -0.10 Sep/18
Japan 100.50 Oct/18
Mexico 2.10 Sep/18
Russia 2.50 Oct/18
Singapore 112.00 Sep/18
South Africa -0.20 Sep/18
South Korea 113.40 Oct/18
Turkey 0.33 Oct/18
United Kingdom 0.40 Oct/18
United States 124.54 Oct/18


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