Forex Dictionary

MI Leading Index

MI Leading Index

Measures Change in the level of a composite index based on 8 economic indicators; Usual Effect Actual > Forecast = Good for currency; Frequency Released monthly, about 50 days after the month ends; Next Release Oct 23, 2008 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 8 economic indicators related to consumer confidence, housing, stock prices, money supply, and interest rate spreads; Also Called Westpac/MI Indexes of Economic Activity; Acronyms Melbourne Institute (MI);