Australia Leading Economic Index  1960-2017 | Data | Chart | Calendar

The Westpac-Melbourne Institute Leading Economic Index in Australia remained unchanged on the month in January of 2017, compared to a 0.4 percent rise in the prior month. Meanwhile, the six month annualised growth rate in the index, which indicates the likely pace of economic activity relative to trend three to nine months into the future, fell from 1.36 percent in December to 1.30 percent in January. The index, being at or above trend for six consecutive months, indicated economic growth in the current calendar year will be close to the Australia's central bank forecast of 3.0 percent, Westpac chief economist Bill Evans said. Leading Economic Index in Australia averaged -0.01 percent from 1960 until 2017, 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)
2016-12-20 11:30 PM Nov 0% 0.1%
2017-01-24 11:30 PM Dec 0.4% 0% 0.2%
2017-02-21 11:30 PM Jan 0.0% 0.4% 0.3%
2017-03-21 11:30 PM Feb 0.0% 0.02%
2017-04-19 12:30 AM Mar 0.06%
2017-05-17 12:30 AM Apr 0.03%




Australia Business Last Previous Highest Lowest Unit
Business Confidence 10.00 6.00 20.00 -30.00 [+]
Manufacturing PMI 51.20 55.40 62.13 30.86 [+]
Services PMI 54.50 57.70 57.70 39.00 Index Points [+]
Industrial Production -0.20 1.70 12.40 -7.80 percent [+]
Industrial Production Mom -0.50 -1.30 5.10 -7.00 percent [+]
Manufacturing Production -0.20 2.00 12.10 -8.10 percent [+]
Capacity Utilization 81.50 80.85 84.67 78.24 percent [+]
New Orders 32.00 27.00 47.00 -37.00 [+]
Changes in Inventories 1053.00 435.00 4094.00 -3982.00 AUD Million [+]
Bankruptcies 636.00 677.00 1123.00 217.00 Companies [+]
Corporate Profits 64174.00 63550.00 70549.00 12032.00 AUD Million [+]
Total Vehicle Sales 97636.00 97012.00 99953.00 48099.00 [+]
Car Production 9334.00 11453.00 39306.00 9227.00 Units [+]
Car Registrations 13549.45 13297.26 13549.45 3990.94 Thousand [+]
Leading Economic Index 0.00 0.40 0.54 -1.07 percent [+]
Small Business Sentiment 1.56 1.90 18.71 -21.10 [+]
Steel Production 448.12 458.35 819.00 238.00 Thousand Tonnes [+]
Mining Production 3.60 9.40 25.40 -16.80 percent [+]
Competitiveness Index 5.19 5.15 5.20 5.08 Points [+]
Competitiveness Rank 22.00 21.00 22.00 15.00 [+]
Business Inventories 0.80 0.20 2.80 -2.80 percent [+]
Corruption Index 79.00 80.00 88.60 79.00 Points [+]
Corruption Rank 13.00 13.00 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 February of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
0.00 0.40 0.54 -1.07 1960 - 2017 percent Monthly
1996=100



Last
Argentina 0.50 Jan/17
Armenia 6.50 Jan/17
Australia 0.00 Jan/17
Azerbaijan 0.80 Jan/17
Belarus -0.50 Jan/17
Benin 0.60 Dec/16
Bolivia 3.14 Oct/16
Brazil -0.26 Dec/16
Burkina Faso 2.30 Dec/16
Canada 0.40 Nov/16
Chile 1.20 Dec/16
China 0.10 Dec/16
Colombia 1.00 Dec/16
Costa Rica 4.00 Oct/16
Ecuador 103.61 Nov/16
Finland 0.96 Dec/16
Georgia 0.30 Dec/16
Ghana -1.80 Nov/16
Guatemala 2.32 Oct/16
Guinea Bissau 2.10 Dec/16
Israel 0.23 Jan/17
Ivory Coast 5.40 Dec/16
Japan 105.20 Dec/16
Kazakhstan 3.80 Jan/17
Kyrgyzstan 3.80 Dec/16
Malaysia -0.30 Nov/16
Mali 2.70 Dec/16
Mexico 2.10 Dec/16
Nicaragua 5.50 Nov/16
Niger 3.20 Dec/16
Nigeria 45.90 Mar/16
Panama 4.64 Nov/16
Peru 3.25 Dec/16
Philippines 0.04 Mar/14
Portugal 0.80 Dec/16
Puerto Rico -0.50 Sep/16
Russia -0.60 Dec/16
Senegal 3.10 Dec/16
Singapore 103.20 Sep/16
South Africa 0.70 Dec/16
South Korea 128.80 Dec/16
Taiwan 108.00 Dec/16
Thailand 156.56 Dec/16
Togo 0.70 Dec/16
Turkey 3.65 Jan/17
Uganda 0.23 Dec/16
United States 180.69 Dec/16