Leading index dives; more falls coming

22 April 2020

 

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 trended lower through 2018, 2019 and the early months of 2020. In light of the mothballing of various sectors of the economy and restrictions on individuals’ movements, a sharp drop...

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