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Australian leading index -0.27% m/m (prior -0.03%)
Westpac-Melbourne Institute Leading Index for May 2023, main points made by WPAC on their 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, declined to -1.09% in May from -0.78% in April.Tenth consecutive negative print for the Index. Components capturing world growth; dwelling approvals; commodity prices and job confidence deteriorated over the m...
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Posted: Jun 21 2023, 00:48
Author Name: forexlive
Views: 110210