Australia Westpac Leading Index Edges Toward Trend as RBA Stays Hawkish

Australia’s forward growth momentum improved in August but remained slightly below trend. The six-month annualized growth rate in the Westpac–Melbourne Institute Leading Index rose from -0.17% in July to -0.09%, pointing to the likely pace of activity relative to trend over the next three to nine months. Westpac Head of Australian Macro-Forecasting Matthew Hassan said […]

The post Australia Westpac Leading Index Edges Toward Trend as RBA Stays Hawkish appeared first on ActionForex.