Leading index jumps; “strongest since 1980s”

18 November 2020

 

Summary:  Leading index increases strongly for third consecutive month in October; first above-trend result since November 2018; index reading implies annual GDP growth to rise to around +6.00% early next year; RBA forecast implies 3.5% 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 economic growth over the next three...

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