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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
AustraliaAustralia Westpac Leading Index MoM fell to 0.0% in May 2026
FMPMonthlyReleased June 2026
Australia Westpac Leading Index MoM fell to 0.0% in May 2026, released June 2026, down 0.1% from April's 0.1% reading. The print exceeded the -0.1% consensus by 0.1%. The print is running well above the 12-month average of -0.03%. Over the past 3 months, Westpac Leading Index MoM averaged -0.05%, vs -0.1% in the prior 3-month window. Westpac Leading Index MoM is now the highest in 6 months.
Latest Release
0
Actual
-0.1
Consensus
0.1
Previous
Median Absolute Error
±0.14 percentage points
across last 12 releases
Last Call
Jun 2026
Predicted: 0.05
Actual: 0
Error: +0.05
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
THE RELEASE
Westpac Leading Index MoM (Australia) was reported at 0% in June 2026. This beat 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 June 2026. Over the past 12 months, the indicator has averaged -0.01%, ranging from -0.1% to 0.1% across 10 releases.
WHY IT MATTERS
The trailing three releases averaged -0.03%, down from the prior three at 0%. Volatility over the past year (σ 0.07%) is lower than the prior year (σ 0.09%). In June 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). 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 July 23, 2026. Same-country events in the next 14 days include Westpac Consumer Confidence Index (Jul 14) and Westpac Consumer Confidence Change (Jul 14).
Auto-generated from current model state · Refreshes on each release · Last update June 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 (May 2026): actual 0 %, consensus -0.1 %. Prior reading (May 2026): 0 %. Before that (May 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=0.49) — a useful reference for index-focused traders.
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EXPECTED ZONE
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Economic Calendar - AU Events
| Tuesday, July 14, 2026 | Actual | Previous | Consensus | Sigmanomics Rolling-Surprise Forecast | Impact | ||
|---|---|---|---|---|---|---|---|
| 00:30 | AU | Westpac Consumer Confidence Index | 80.6 | 82.6 | 78.15 | Medium | |
| 00:30 | AU | Westpac Consumer Confidence Change | -2.9 | 2.5 | -2.85 | High | |
| 01:30 | AU | NAB Business Confidence | -14 | -16 | -27.50 | High | |