Australia Westpac Leading Indicator, looks to be stabilisation rather than a cycle upturn ...Middle East

Info via WPAC on their leading index for December: 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, eased back to +0.01% in December from +0.18% in November.Leading Index growth +0.01%. Second positive read after fifteen consecutive negatives. But much of the gain is due to a commodity price rally that may not last. Broad picture still looks to be a stabilisation rather than a cycle upturn. AUD little changed: This article was written by Eamonn Sheridan at www.forexlive.com.

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Last updated : 24 January 2024 clock 03:12 AM

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Australia Westpac Leading Indicator, looks to be stabilisation rather than a cycle upturn ...Middle East

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