Leading index rebounds; jobless rate likely unmoved by year end

17 July 2019

 

Westpac and the Melbourne Institute describe their Leading Index as a composite measure which attempts to estimate the likely pace of Australian economic activity relative to trend over the next three to six months. Since its peak in early 2018, the index had progressively headed lower through 2018 and into 2019. Recent months’ figures gave some sign of stabilising and the latest reading indicates GDP may be about to revert...

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