Australian Leading Index stumbles further, points to more weak growth ahead ...Middle East

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, dipped to -0.40% in October from -0.38% in September. Says WPAC:Economy set to remain stuck in ‘low growth rut’ well into next year. Range of headwinds continues despite improvement since start of the year. Components show cooling labour market, unsettled financial markets and shaky confidence are now the main weak spots. This article was written by Eamonn Sheridan at www.forexlive.com.

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