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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
AustraliaAustralia Westpac Leading Index MoM climbed to 0.0% in April 2026
FMPMonthlyReleased May 2026
Australia Westpac Leading Index MoM climbed to 0.0% in April 2026, released May 2026, up 0.1% from March's -0.1% reading. The print exceeded the -0.3% consensus by 0.3%. The print is running well above the 12-month average of -0.03%. Over the past 3 months, Westpac Leading Index MoM averaged -0.1%, vs -0.05% in the prior 3-month window. The reading is in the 52nd percentile of the trailing 24-month range.
Latest Release
0
Actual
-0.3
Consensus
-0.1
Previous
Median Absolute Error
±0.14 percentage points
across last 12 releases
Last Call
May 2026
Predicted: -0.45
Actual: 0
Error: -0.45
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| BTC/USD | ▲ Direct | +0.46 | CRYPTO | Bullish BTC | → View |
| XAU/USD | ▲ Direct | +0.45 | COMMODITIES | Bullish XAU | → 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 May 2026. This beat the market consensus of -0.3% by 0.3%. The reading rose from the previous value of -0.1%. Trailing 12-month context per ETL data through May 2026. Over the past 12 months, the indicator has averaged -0.02%, ranging from -0.1% to 0.1% across 10 releases.
WHY IT MATTERS
The trailing three releases averaged -0.07%, down from the prior three at 0.03%. Volatility over the past year (σ 0.07%) is comparable than the prior year (σ 0.08%). In May readings over the past 3 years, Westpac Leading Index MoM has averaged 0%.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with BTC/USD (Bullish BTC). A secondary relationship exists with XAU/USD, positively correlated (Bullish XAU). 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 June 17, 2026. Same-country events in the next 14 days include Interest Rate Decision (Jun 16) and RBA Rate Statement (Jun 16).
Auto-generated from current model state · Refreshes on each release · Last update May 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 (Apr 2026): actual 0.1 %, consensus -0.3 %. Prior reading (Mar 2026): -0.1 %. Before that (Feb 2026): -0.1 %.
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 BTC/USD (Bullish BTC, r=0.46) — a useful reference for crypto-focused traders.