The Westpac-Melbourne Institute Leading Economic Index in Australia rose 0.16% MoM in October of 2021, snapping five consecutive months of declines. Meanwhile, the six-month annualized growth rate, which indicates the likely pace of economic activity relative to trend three to nine months into the future, was unchanged at -0.5% in October from the previous month. The leading index growth rate bounced back above positive territory, despite lockdowns in major cities, as the rest of the country operated above trend and amid a robust global backdrop. The biggest drivers were aggregate hours worked, dwelling approvals, commodity prices and US industrial production, while the ASX200 and yield spread financial market components provided some drag. source: Melbourne Institute
Leading Economic Index in Australia averaged 0 percent from 1960 until 2021, reaching an all time high of 0.76 percent in November of 2020 and a record low of -1.74 percent in April of 2020. 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 - data, historical chart, forecasts and calendar of releases - was last updated on November of 2021.
Leading Economic Index in Australia is expected to be 0.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Australia Leading Economic Index is projected to trend around 0.20 percent in 2022, according to our econometric models.