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Indicator Digest

Leading Indicators
Index of a combination of several indicators for that month.

Main Indicator: WMI Leading Index

Most Recent Release

March
16th, 2010
Actual Forecast Previous Revised Form
0.2% 0.5% N/A
For January
Provided by: Westpac-Melbourne Institute
Previous Release: PDF

Table of Past Data

5/266/167/148/1810/2011/1712/151/262/163/16
Actual0.3%0.7%-0.2%0.7%1.1%0.9%0.4%1.0%0.5%0.2%
Forecast
Previous-0.5%0.3%0.5%-0.2%1.1%1.3%1.1%0.4%1.0%0.5%
Revised From-0.3%N/A0.7%N/AN/A1.1%0.9%N/AN/AN/A

Past Releases

February
16th, 2010
Actual Forecast Previous Revised Form
0.5% 1.0% N/A
For December
Provided by: Westpac-Melbourne Institute
Previous Release: PDF
January
26th, 2010
Actual Forecast Previous Revised Form
1.0% 0.4% N/A
For January
Provided by: Westpac-Melbourne Institute
Previous Release: PDF
December
15th, 2009
Actual Forecast Previous Revised Form
0.4% 1.1% 0.9%
For December
Provided by: Westpac-Melbourne Institute
November
17th, 2009
Actual Forecast Previous Revised Form
0.9% 1.3% 1.1%

For November
Provided by: Westpac-Melbourne Institute
Official Release: PDF

The pace of the Australian economic recovery has improved remarkably. The Australian Westpac-Melbourne Institute leading economic index increased 0.9% m/m to 255.1 in September, with its annualized growth rate accelerating to 5.8% from May's -5.4%, supporting Westpac's forecast that economic growth in Australia will "pick up from 1.75% in 2009 to 4% in 2010," Westpac Banking Corp. and the Melbourne Institute reported. Current economic activity continued to improve in September; the coincident index increased 0.2% m/m to 239.2 and grew at an annualized growth rate of 0.4%.  

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October
20th, 2009
Actual Forecast Previous Revised Form
1.1% 1.1% N/A

For October
Provided by: Westpac-Melbourne Institute
Official Release: PDF

August
18th, 2009
Actual Forecast Previous Revised Form
0.7% -0.2% N/A

For June
Provided by: Westpac-Melbourne Institute
Official Release: PDF

From the Release: "The level of the Leading Index increased by 1.8 points (0.7%). Three of the four monthly components increased with the all ordinaries index up by 3.6%, dwelling approvals rising by 9.3%, and the real money supply up by 0.5%. The international influence of US industrial production continued to weigh, although by a lesser extent, registering a 0.4% reduction. When growth in East Asia was mainly reliant on exports to the US, a US activity variable was a reasonable way of capturing the broader performance of Australia's trading partners. However, since the growth momentum in East Asia has switched to domestic spending mainly due to Chinese stimulus policies, US industrial production is likely to be understating the external demand support for Australian growth."

July
14th, 2009
Actual Forecast Previous Revised Form
-0.2% 0.5% 0.7%

ForMay
Provided by: Westpac-Melbourne Institute
Official Release: PDF

The Westpac–Melbourne Institute Australian leading economic indicators index, measuring future economic activity in Australia, was down 0.2% m/m to 248.2 points in May, the first decline in three months, after a downwardly revised 0.5% m/m increase in April, Westpac Banking Corp. and the Melbourne Institute reported. The LEI’s annualized growth rate was -3.9% in May, still deep in negative territory but a slight improvement from April’s downwardly revised -4.1%. The coincident index, measuring current economic activity, increased 0.2% m/m to 238 points in May, but its annualized growth rate was -0.1%.

June
16th, 2009
Actual Forecast Previous Revised Form
0.7% 0.3% N/A
For April
Provided by: Westpac-Melbourne Institute
Official Release: PDF
May
26th, 2009
Actual Forecast Previous Revised Form
0.3% -0.5% -0.3%
For February
Provided by: Westpac-Melbourne Institute
Official Release: PDF