Australia leading index in August shows still very slow growth ahead ...Middle East

Australia Westpac Leading Index for August 2024 -0.05% m/mprior –0.03%Westpac note, in summary: 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 from +0.04% in July to -0.27% in August. Commodity price fall a significant drag on momentum. Other components stable rather than weak. Signal points to activity remaining subdued through first half of 2025.-The index signalling a potential slowdown in economic activity is troubling news. Australian economic growth is already extremely sluggish. We have jobs and inflation data due in the next wee

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