Leading Index Bulletin

The Westpac-MI Leading Index growth rate fell to -0.17% in April, signaling below-trend growth for the Australian economy into 2027. This weakening is primarily attributed to a sharp 20% decline in consumer sentiment alongside persistent interest rate and energy price shocks.

Key Takeaways

• 1.The Westpac-MI Leading Index growth rate weakened to –0.17%, indicating below-trend economic momentum.
• 2.Consumer sentiment is the primary driver of the decline, with the Consumer Expectations Index slumping 20% from its recent peak.
• 3.While financial market indicators are weak, 'real economy' indicators like hours worked and US industrial production remain firm.

Table of Contents

• Key points
• Leading Index showing clearer loss of momentum
• Corporate Directory
• DISCLAIMER

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