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

Westpc's main points:Leading Index growth rate lifts slightly to –0.6% in July from -0.67% in June. Twelfth month of negative prints, longest run in seven years (ex-COVID). Below-trend growth momentum set to extend into 2024. Some support from resilient labour market and end to rate rises. But significant hit coming from sharp falls in commodity prices.-Background info on the Westpac-Melbourne Institute Leading Index, published by Westpac Banking Corporation in conjunction with the Melbourne Ins... Read More

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Content Topics

Australia

Data

Twelfth

Consecutive

Negative

Print

Leading

Growth

Forex

Posted: Aug 16 2023, 00:40

Author Name: forexlive

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