FX.co ★ Australia’s MI Leading Index Flat at 0.0% in August, Signalling Unchanged Growth Outlook

Australia’s MI Leading Index showed no change in August 2026, holding steady at 0.0% on a month-over-month basis, according to data updated on 16 September 2026. The reading matches July 2026, when the index also recorded a 0.0% change from the previous month.

The index, which is designed to signal the likely direction of the Australian economy in the near term, indicates that growth momentum neither improved nor deteriorated over the past two months. With both July and August posting flat readings, the data suggest a period of stability rather than acceleration or slowdown in underlying economic conditions.

On a month-over-month comparison, the “actual” August figure represents no change against July, while the “previous” July figure similarly showed no movement compared with June. This back-to-back stagnation underscores a steady but unremarkable short-term outlook for Australia’s economic trajectory as captured by the MI Leading Index.