FX.co ★ Australia’s MI Leading Index Flat at -0.1% in March, Signalling Continued Soft Growth

Australia’s MI Leading Index remained unchanged at -0.1% in March 2026, matching February’s reading and underscoring a steady, but subdued, outlook for economic momentum. The month‑over‑month indicator, updated on 22 April 2026, shows no improvement from the previous period, with both February and March readings pointing to the same level of forward-looking economic pressure.

The index, which tracks changes relative to the previous month, suggests that conditions shaping Australia’s near-term growth trajectory have neither deteriorated nor improved over the past two months. With the March figure mirroring February’s -0.1%, the data indicate that the economy is still facing headwinds, but without fresh signs of acceleration or a sharp downturn on a month-to-month basis. Investors and policymakers are likely to watch upcoming releases closely for any shift away from this flat pattern.