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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
AustraliaAustralia Westpac Leading Index MoM fell to 0.0% in July 2026
FMPMonthlyReleased August 2026
Australia Westpac Leading Index MoM fell to 0.0% in July 2026, released August 2026, down 0.1% from June's 0.1% reading. The reading missed the 0.1% consensus by 0.1%. The print is running well above the 12-month average of -0.03%. Westpac Leading Index MoM is now the highest in 8 months.
Latest Release
0
Actual
0.1
Consensus
0.1
Previous
Median Absolute Error
±0.14 percentage points
across last 12 releases
Last Call
Aug 2026
Predicted: 0.15
Actual: 0
Error: +0.15
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Co-movement | Action |
|---|---|---|---|---|---|
| S&P 500 | ▲ Direct | +0.46 | INDEX | Moves with | → View |
| AUD/NZD | ▼ Inverse | −0.41 | FOREX | Moves against | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
Westpac Leading Index MoM (Australia) was reported at 0% in August 2026. This missed the market consensus of 0.1% by 0.1%. The reading fell from the previous value of 0.1%. Trailing 12-month context per ETL data through August 2026. Over the past 12 months, the indicator has averaged -0.02%, ranging from -0.1% to 0.1% across 9 releases.
WHY IT MATTERS
The trailing three releases averaged 0%, up from the prior three at -0.07%. Volatility over the past year (σ 0.06%) is lower than the prior year (σ 0.09%). In August readings over the past 3 years, Westpac Leading Index MoM has averaged 0.03%.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with S&P 500 (Bullish S&P 500). A secondary relationship exists with AUD/NZD, negatively correlated (Bearish AUD). Over the last 12 releases, the Sigmacast model's median absolute error is 0.14%.
WHAT TO WATCH NEXT
The next release is scheduled for September 16, 2026. Same-country events in the next 14 days include CFTC AUD speculative net positions (Sep 18) and RBA Hunter Speech (Sep 21).
Auto-generated from current model state · Refreshes on each release · Last update August 2026.
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Westpac Leading Index MoM - AU
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About Westpac Leading Index MoM — Australia
DEFINITION
The Westpac Leading Index MoM is a monthly economic indicator that measures the current and future direction of the Australian economy. It is compiled by Westpac, one of Australia's leading financial institutions, and provides valuable insights into the country's economic performance. This index takes into account various factors such as consumer confidence, business conditions, and financial market trends to forecast potential changes in economic growth. As a highly regarded indicator, the Westpac Leading Index MoM is used by businesses, policymakers, and investors to make informed decisions and stay ahead of economic trends.
WHY THIS INDICATOR MATTERS
This release contributes to the broader macro picture used by cross-asset investors for positioning and risk management. Surprises against consensus can drive short-term moves, particularly when the print breaks an established trend. Released monthly.
WHAT CHANGED THIS MONTH
Latest reading (Jul 2026): actual 0 %, consensus 0.1 %. Prior reading (Jul 2026): 0 %. Before that (Jul 2026): 0 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a higher reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bullish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary tailwind in the current projection. This indicator correlates most strongly with S&P 500 (Bullish S&P 500, r=0.46) — a useful reference for index-focused traders.
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EXPECTED ZONE
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Economic Calendar - AU Events
| Wednesday, September 16, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 01:00 | AU | Westpac Leading Index MoM | 0 | 0.2 | 0.25 | Low | |
| 01:00 | AU | Leading Index MoM | 0 | 0.2 | 0.20 | Low | |