Leading indicator points to Australian growth slow down

The Westpac-Melbourne Institute leading index fell in August to -1.14%, from July’s reading of -0.40%. The index indicates the likely pace of economic activity 3-9 months in the future and while the first four months of 2015 indicated above trend growth was likely, the last four months showed a deterioration to the current index value -1.14%. Westpac chief economist, Bill Evans said, “Today’s print points to a likely ‘below trend’...

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