Australia's "Leading Index continues to show stalling momentum" ...Middle East

Westpac says its Leading Index continues to show stalling momentum.

Comments from analysts at the bank:

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, slowed to 0.03% in June from 0.11% in May.Main drag coming from commodity prices, sentiment and hours worked. Detail suggests some near-term fragility if recent supports from financial markets, interest rate expectations and US growth fall away.

Meanwhile, AUD/USD little changed on the session here so far:

This article was written by Eamonn Sheridan at investinglive.com.

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Last updated : 23 July 2025 clock 03:49 AM

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Australia's "Leading Index continues to show stalling momentum" ...Middle East

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