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Australian data - Westpac Leading Index for December -0.13% (prior -0.16%)
The index continues to signal below-trend economic growth in Australia.
From the WPAC report, key pints:
- The growth rate in the Leading Index held at a weak –0.96%.That points to below trend growth in the first half of 2023.Rising short term interest rates are weighing on the Index.These effects are slightly offset by ongoing confidence in the labour market.Confidence measures, while very low, have recently stabilised.
And:
- The six-month annualised grow... Read More
Posted: Jan 24 2023, 23:36
Author Name: forexlive
Views: 110583
