Westpac-MI Leading Index
a.k.a. Westpac leading index
An Australian composite index of indicators designed to signal where economic growth is heading in the…
In plain English
An Australian composite index of indicators designed to signal where economic growth is heading in the coming months.
The Westpac-MI Leading Index, from Westpac and the Melbourne Institute, combines several forward-looking series into one number, aiming to show whether Australia's growth is likely to be above or below trend over the next few quarters. It is a slow-moving, big-picture gauge rather than a market mover.
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