MI Leading Index m/m | Money Time People

Measures	Change in the level of a composite index based on 9 economic indicators;

Usual Effect	Actual > Forecast = Good for currency;

FF Notes	This index is designed to predict the direction of the economy, but it tends to have a muted impact because most of the indicators used in the calculation are released previously. Full reports are only available to Melbourne Institute subscribers;

Derived Via	Combined reading of 9 economic indicators related to consumer confidence, housing, stock market prices, money supply, and interest rate spreads;

Also Called	Westpac/MI Indexes of Economic Activity;

Acro Expand	Melbourne Institute (MI);