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Australia data: Westpac Sep. Leading Index "improves but still pointing to sub-par growth"
Comments (in brief) from the WPAC report on its September 2023 Leading Index. The six-month annualised growth rate in the Westpac-Melbourne Institute Leading Index, which indicates the likely pace of economic activity relative to trend three to nine months into the future, rose to -0.34% in September from -0.48% in August. Long run of negative, below-trend reads continues. Lacklustre growth likely to carry into the first half of 2024. Components highlight stabilising activity and reduced drag f...
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Posted: Oct 17 2023, 23:41
Author Name: forexlive
Views: 112297