Leading index recovers in fourth quarter, still weak

29 January 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 headed lower through 2018 and most of 2019. Recently, it has staged a modest recovery. The latest six month annualised growth rate of the indicator has increased from November’s revised...

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