Australia economic activity declined by 0.2 percent month-over-month in December of 2018, the most since May, after a 0.1 percent fall in a month earlier. In particular, the six month annualized growth rate in the index, which indicates the likely pace of economic activity three to nine months into the future, dropped to -0.27 percent from 0.42 percent in November. 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 0.00 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.