The Westpac-Melbourne Institute Leading Economic Index in Australia edged down 0.07 percent month-over-month in June of 2021, after a 0.06 percent fall a month earlier, pointing to the second straight month of decline. Meantime, the six-month annualized growth rate, which indicates the likely pace of economic activity relative to the trend of three to nine months, advanced 1.34 percent. "We now expect that the New South Wales economy will contract by 3.1% in the September quarter and the Victorian economy will contract by 0.1%," the Westpac said. It added that contractions in the two biggest states will mean that the national economy is likely to contract by 0.7% in the September quarter. source: Westpac Banking Corporation, 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 July of 2021.
Leading Economic Index in Australia is expected to be 0.30 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 0.20 in 12 months time. In the long-term, the Australia Leading Economic Index is projected to trend around 0.20 percent in 2022, according to our econometric models.