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Australian data - Westpac Leading Index for August -0.04% m/m (prior +0.01%)

Westpac comments on the data. 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 slightly to -0.50% in August from -0.56% in JulyLeading Index growth rate still negative at –0.5%. Negative reads have now persisted since August 2022. Indicator correctly predicted growth slowdown in 2023. Growth outlook for next 3–9 months remains poor with per capit... Read More

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Australian

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Westpac

Leading

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August

04 Prior

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Forex

Posted: Sep 20 2023, 00:47

Author Name: forexlive

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