Leading index: robust March, June quarter ahead

17 February 2021

 

Summary:  Leading index increases in January; continues likelihood of above-trend growth; reading implies annual GDP growth to rise to +7.25% during first half of 2021; February SoMP GDP forecasts 8% growth to June.   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 to six months. After reaching a peak in...

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