Australia Westpac-MI Leading Index Growth Rate Slows In August

Westpac-Melbourne Institute’s Leading Index fell 0.1% to 294.5 in August, but the annualized growth rate fell sharply to 3.2% from 4.0%, which is just marginally above the long-term trend of 2.9%. TAKEAWAY: The leading index has finally indicated a more realistic growth rate for the economy, afte…

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Australia Westpac-MI Leading Index Growth Rate Slows In August

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