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.

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Australia Leading Economic Index

Actual Previous Highest Lowest Dates Unit Frequency
-0.07 -0.06 0.76 -1.74 1960 - 2021 percent Monthly
1996=100


Calendar GMT Actual Previous Consensus TEForecast
2021-04-21 01:00 AM Mar 0.38% 0.16% -0.1%
2021-05-26 01:00 AM Apr 0.2% 0.5% 0.2%
2021-06-16 01:00 AM May -0.06% 0.19% 0.3%
2021-07-21 01:00 AM Jun -0.07% -0.06%
2021-08-18 01:00 AM Jul -0.07%
2021-09-22 01:30 AM Aug
2021-10-20 12:30 AM Sep
2021-11-17 12:30 AM Oct


News Stream
Australia Leading Index Drops for 2nd Straight Month
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.
2021-07-21
Australia Leading Index Falls Slightly in May
The Westpac-Melbourne Institute Leading Economic Index in Australia edged down 0.06 percent month-over-month in May of 2021, after a 0.2 percent gain a month earlier, pointing to the first decline in four months. 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 1.47 percent. Westpac said that given the improved pulse of the economic data in 2021, as signaled by the leading index, it seems unlikely that the Board would expect to have to wait until 2025 before it achieves the objectives necessary to justify the first cash rate increase since November 2010.
2021-06-16
Australia Leading Economic Index Up 0.2% MoM in April
The Westpac-Melbourne Institute Leading Economic Index in Australia rose 0.2 percent month-over-month in April of 2021, after an upwardly revised 0.5 percent gain a month earlier. 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 2.85 percent.
2021-05-26
Australia Leading Index Rises 0.38% MoM in March
The Westpac-Melbourne Institute Leading Economic Index in Australia rose 0.38 percent month-over-month in March of 2021, after an upwardly revised 0.16 percent gain a month earlier. Meantime, the six-month annualized growth rate, which indicates the likely pace of economic activity relative to trend three to nine months, advanced 3.29 percent.
2021-04-21

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.