The Westpac-Melbourne Institute Leading Economic Index in Australia rose 0.2 percent month-over-month, pointing to the fastest expansion in eleven months and following a flat reading in the previous month. Leading Economic Index in Australia averaged 0 percent from 1960 until 2019, 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 -0.20 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 -0.10 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
2019-01-23 02:00 AM Westpac Leading Index MoM -0.2% -0.1% 0.1%
2019-02-20 12:30 AM Westpac Leading Index MoM 0% -0.2% 0.1%
2019-03-20 12:30 AM Westpac Leading Index MoM 0% 0.1% -0.1%
2019-04-17 01:30 AM Westpac Leading Index MoM 0.2% 0% 0%
2019-05-22 12:30 AM Westpac Leading Index MoM 0.2% -0.1%
2019-06-19 01:30 AM Westpac Leading Index MoM
2019-07-17 01:30 AM Westpac Leading Index MoM -0.2%


Australia Business Last Previous Highest Lowest Unit
Business Confidence 0.00 -0.10 21.00 -30.00 Index Points [+]
Manufacturing PMI 54.80 51.00 62.50 29.47 [+]
Services PMI 46.50 44.80 63.00 32.50 Index Points [+]
Industrial Production 2.80 3.00 12.60 -7.60 percent [+]
Industrial Production Mom -0.70 1.70 10.10 -10.90 percent [+]
Manufacturing Production -0.90 -0.60 8.60 -11.80 percent [+]
Capacity Utilization 81.12 80.97 84.62 78.24 percent [+]
New Orders 22.00 34.00 49.00 -37.00 Index Points [+]
Changes in Inventories 685.00 -9.00 4159.00 -3848.00 AUD Million [+]
Bankruptcies 718.00 629.00 1123.00 217.00 Companies [+]
Corporate Profits 90060.00 89305.00 90060.00 12032.00 AUD Million [+]
Total Vehicle Sales 75550.00 99442.00 130300.00 48099.00 [+]
Car Registrations 14330.43 14078.57 14330.43 3990.94 Thousand [+]
Leading Economic Index 0.20 0.00 0.54 -1.10 percent [+]
Small Business Sentiment -4.92 -1.60 18.55 -21.17 [+]
Internet Speed 11063.10 10098.33 11063.10 1922.87 KBps [+]
IP Addresses 9859878.00 9310525.00 13859005.00 5227461.00 IP [+]
Private Investment 2.00 0.00 15.60 -8.60 percent [+]
Mining Production 6.50 6.20 25.20 -16.90 percent [+]
Steel Production 424.24 385.17 819.00 238.00 Thousand Tonnes [+]
Corruption Index 77.00 77.00 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 50.00 49.50 58.30 49.10 Index Points [+]
Business Inventories -0.20 -0.10 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 May of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
0.20 0.00 0.54 -1.10 1960 - 2019 percent Monthly
1996=100




Country Last Previous
Argentina -1.50 Mar/19
Australia 0.20 Mar/19
Brazil -0.28 Mar/19
Canada -0.10 Feb/19
Japan 96.30 Mar/19
Mexico 1.10 Feb/19
Russia 0.60 Mar/19
Singapore 112.00 Dec/18
South Africa -1.80 Jan/19
South Korea 113.70 Mar/19
Turkey 0.36 Mar/19
United Kingdom 0.50 Mar/19
United States 125.78 Mar/19


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