Australia Leading Economic Index  1960-2016 | Data | Chart | Calendar

The Westpac-Melbourne Institute Leading Index of Economic Activity in Australia rose 0.1 percent on the month in October of 2016, at the same pace as in the previous month. Meanwhile, the six month annualized growth rate in the index, which indicates the likely pace of economic activity relative to trend three to nine months into the future, fell to +0.43 percent in October from +0.63 percent in September. More than three fourth of the gain has come from the combination of: commodity prices; US industrial production; and a steepening yield curve. “The October reading is the third consecutive above trend result and follows fifteen months of persistent below trend reads. Although the growth rate has slowed a little, it is still a clear positive signal for the near term economic outlook. That signal is broadly consistent with Westpac’s forecast for growth to hold around a 3% pace over the course of this year and to lift to 3.3% in 2017.“ Leading Economic Index in Australia averaged -0.01 percent from 1960 until 2016, reaching an all time high of 0.54 percent in April of 1975 and a record low of -1.07 percent in December of 2008.

Australia Leading Economic Index
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Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-09-21 12:30 AM Aug 0.0% 0.08%
2016-10-18 11:30 PM Sep 0.1% 0.0%
2016-11-15 11:30 PM Oct 0.1% 0.1%
2016-12-17 11:30 PM Nov 0.1%
2017-01-26 11:30 PM Dec
2017-02-16 11:30 PM Jan




Australia Business Last Previous Highest Lowest Unit
Business Confidence 4.00 6.00 20.00 -30.00 [+]
Manufacturing PMI 54.20 50.90 62.13 30.86 [+]
Services PMI 50.50 48.90 55.60 39.00 Index Points [+]
Industrial Production 3.61 4.78 12.77 -7.80 percent [+]
Industrial Production Mom -1.48 3.24 5.28 -7.01 percent [+]
Manufacturing Production -2.18 -3.72 8.63 -11.77 percent [+]
Capacity Utilization 80.52 80.63 84.67 78.24 percent [+]
New Orders 27.00 25.00 47.00 -37.00 [+]
Changes in Inventories 706.00 -477.00 4145.00 -4074.00 AUD Million [+]
Bankruptcies 812.00 771.00 1123.00 217.00 Companies [+]
Corporate Profits 63661.00 59551.00 70570.00 12032.00 AUD Million [+]
Total Vehicle Sales 97940.00 100323.00 100323.00 48099.00 [+]
Car Production 11766.00 15055.00 39306.00 9227.00 Units [+]
Car Registrations 13549.45 13297.26 13549.45 3990.94 Thousand [+]
Leading Economic Index 0.10 0.10 0.54 -1.07 percent [+]
Small Business Sentiment 1.90 5.38 18.71 -21.10 [+]
Steel Production 481.70 477.10 819.00 238.00 Thousand Tonnes [+]
Mining Production 9.94 13.47 25.48 -16.61 percent [+]
Competitiveness Index 5.19 5.15 5.20 5.08 Points [+]
Competitiveness Rank 22.00 21.00 22.00 15.00 [+]
Business Inventories 0.30 -0.30 2.80 -2.80 percent [+]
Corruption Index 79.00 80.00 88.60 79.00 Points [+]
Corruption Rank 13.00 11.00 13.00 7.00 [+]
Ease of Doing Business 15.00 13.00 15.00 9.00 [+]



Australia Leading Economic Index Notes

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 December of 2016.

Actual Previous Highest Lowest Dates Unit Frequency
0.10 0.10 0.54 -1.07 1960 - 2016 percent Monthly
1996=100



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Argentina -1.40 Oct/16
Armenia -7.80 Oct/16
Australia 0.10 Oct/16
Azerbaijan -3.70 Oct/16
Benin 0.70 Sep/16
Bolivia 3.82 May/16
Brazil 0.15 Sep/16
Burkina Faso 2.40 Sep/16
Canada 0.30 Sep/16
Chile 1.40 Sep/16
China 0.20 Sep/16
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Costa Rica 4.10 Aug/16
Ecuador 101.68 Aug/16
Finland 1.50 Sep/16
Georgia 1.30 Oct/16
Ghana 5.00 Jul/16
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Israel 0.10 Oct/16
Ivory Coast 5.40 Sep/16
Japan 100.30 Sep/16
Kazakhstan 0.20 Oct/16
Kyrgyzstan 2.70 Oct/16
Malaysia -0.10 Sep/16
Mali 2.70 Sep/16
Mexico 1.60 Sep/16
Nicaragua 4.60 Sep/16
Niger 2.80 Sep/16
Nigeria 45.90 Mar/16
Panama 4.09 Sep/16
Peru 4.13 Sep/16
Philippines 0.04 Mar/14
Portugal 0.50 Aug/16
Puerto Rico -0.50 Sep/16
Russia -0.50 Oct/16
Senegal 3.10 Sep/16
Singapore 103.20 Sep/16
South Africa 1.10 Sep/16
South Korea 127.30 Sep/16
Taiwan 107.50 Sep/16
Thailand 158.45 Sep/16
Togo 0.90 Sep/16
Turkey 3.52 Oct/16
Uganda 0.41 Sep/16
United States 179.32 Oct/16