Australian Leading Index first clear ‘above-trend’ result since November 2023

Westpac Leading Index, in brief:

• Leading Index has moved into positive territory, from –0.20% in September to +0.26% in October.
• This provides a tentative signal that growth momentum is set to improve from its current nadir.
• Improvements mostly centred on components related to consumer sentiment and commodity prices.

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