Leading index back to pre-pandemic level

21 October 2020

 

Summary:  Leading index improves substantially for second consecutive month in September; reading in line with 12-month average prior to the pandemic; index reading implies annual GDP growth to rise to around +2.25% later this year/early next year; RBA forecast implies 1.3% growth in second half of 2020.   Westpac and the Melbourne Institute describe their Leading Index as a composite measure which attempts to estimate the likely pace of Australian...

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