Australian July leading index ticks into positive ...Middle East

From the report:The six-month annualised growth rate in the Westpac–Melbourne Institute Leading Index ticked back up to +0.06%.The last nine months has seen the Index growth rate hover in the –0.3 to +0.2% range, a clear improvement on the twelve months prior which saw much weaker reads in the –0.5 to –1% range. However, outright positives have proven hard to sustain. This is likely to be the case with the July result as well.WPAC on their view of whats to come from the Reserve Bank of Australia:The Reserve Bank Board next meets on September 23–24. The RBA Governor made it clear following the last meeting in August that the Board was still not confident about the inflation outlook, retaini

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Australian July leading index ticks into positive ...Middle East

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