أستراليا مؤشر المؤشرات القيادية

The Westpac–Melbourne Institute Leading Economic Index for Australia was flat on the month in November 2025, following a 0.1% rise in the previous month. Meantime, the six-month annualized growth rate eased to 0.16% from 0.32% in October, signaling slower momentum three to nine months ahead. The index has retreated from a brief period above trend, reflecting equity market weakness and softer consumer sentiment. While still positive, the reading points to subdued activity. Westpac forecasts growth to edge up only modestly, from 2.1% yoy currently to 2.4% in 2026, broadly in line with trend. Economist Ryan Wells noted inflation is expected to moderate next year, but the central bank’s hawkish stance has delayed prospects for policy easing until 2027. Upside inflation surprises could revive the risk of a rate hike, while a sharper-than-expected labor market slowdown might bring forward rate cuts.