September Westpac-MI leading index weakest since pandemic hit

19 October 2022

 

Summary:Leading index growth rate down again in September; weakest since pandemic first hit; reading implies annual GDP growth of around 1.60%; ACGB yields finish higher; rate-rise expectations firm; consistent with economic slowdown in 2023. Westpac and the Melbourne Institute describe their Leading Index as a composite measure which attempts to estimate the likely pace of Australian economic growth in the short-term. After reaching a peak in early 2018, the index...

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