Leading index makes small recovery; still “materially below trend”

20 November 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 over the next three to six months. After reaching a peak in early 2018, the index headed lower through 2018 and the first few months of 2019. It then recovered for a few months before turning down again. The latest six month annualised growth rate of...

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