Australia leading index in September shows still very slow growth ahead

Australian data, Westpac Leading Index for September 2024.

WPAC comments:

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, lifted from -0.26% in August to -0.15% in September.

• Leading Index pace of decline moderates slightly to –0.15%.

• Sluggish growth pulse has continued for the best part of a year now.
• Components are a 50-50 mix of positive and negative.

This article was written by Eamonn Sheridan at www.forexlive.com.