Westpac/MI Leading Index falls for 9th straight month

Wednesday 24 May 2023

Westpac / Melbourne Institute has released its leading index for April, which indicates the likely pace of economic activity relative to trend three to nine months into the future:

The six-month annualised growth rate in the Westpac-Melbourne Institute Leading Index fell to -0.78% in April from -0.69% in March.

It was the ninth consecutive negative print with the leading Index growth rate remaining stuck firmly below trend.

The full text of this article is available to MacroBusiness subscribers

$1 for your first month, then:

$24.99 / month

$249 / year

Cancel at any time through our billing provider, Stripe

About the author

Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.