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Australia data - eleventh consecutive negative print for the Leading Index growth rate

The headline: Westpac Leading Index for June +0.11% m/m (prior -0.26%). More attention is paid to the Leading Index growth rate, as below:Westpac's summary from their report:The six-month annualised growth rate in the Westpac-Melbourne Institute Leading Index, which indicates the likely pace of Australian economic activity relative to trend three to nine months into the future, lifted to -0.51% in June from -1.01% in May.Leading Index growth rate lifts from -1.01% in May to -0.51% in June. Thi... Read More

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Australia

Data

Eleventh

Consecutive

Negative

Print

Leading

Growth

Forex

Posted: Jul 19 2023, 00:55

Author Name: forexlive

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