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Australian Westpac/MI Leading Index for April has its ninth consecutive negative result

From Westpac / Melbourne Institute, summary points: 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 -0.78% in April from -0.69% in March.Leading Index growth rate remains stuck firmly below trend at –0.78%. Ninth consecutive negative print. slowdown in 2023 now looks set to carry into 2024. Components show weakness shifting from financial... Read More

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Content Topics

Australian

Westpac

Mi

Leading

Index

April

Ninth

Consecutive

Westpac mi

Negative

Result

Forex

Posted: May 24 2023, 00:49

Author Name: forexlive

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