Track the AU MI Leading Index m/m to gauge future economic trends. Essential for market strategists.
This index aims to forecast economic trends, although its impact is often muted since most indicators are released in advance. Detailed reports are exclusively available to subscribers of the Melbourne Institute.
What it Measures
Variation in the level of a composite index comprised of nine economic indicators.
Usual Effect
A result that exceeds the forecast is positive for the currency.
Source & Frequency
Melbourne Institute (latest release) - https://melbourneinstitute.unimelb.edu.au/ • Published monthly, typically on the third Wednesday following the conclusion of the month.
How Data is Derived
Combined reading of 9 economic indicators related to consumer confidence, housing, stock market prices, unemployment expectations, hours worked, commodity prices, and interest rate spreads
Also Known As
Westpac/MI Indexes of Economic Activity, Westpac Leading Index
Acronym
Melbourne Institute (MI)