Australia Westpac Leading Index MoM

In Australia, the Westpac Leading Index MoM tracks the monthly percentage change in a composite measure that aggregates several economic indicators known to precede shifts in economic activity. This index includes components such as stock market performance, dwelling approvals, and labor market expectations, providing valuable insights into potential future economic conditions. As a leading indicator, it is utilized by analysts and policymakers to gauge the direction of the economy, helping to inform decisions related to fiscal and monetary policy.

Source: Melbourne Institute