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Australia - Westpac Leading index for April: +0.1% m/m (prior was -0.3% to 98)
prior was -0.3% m/m to 98 Shall I break out the champagne yet? More: 6 month annualised deviation from trend growth rate in the Westpac-Melbourne Institute Leading Index (which indicates the likely pace of economic activity three to nine months in the future) lifted from -0.02% in March to +0.43% in April WPAC comments: The lift is a positive sign after persistently weak, below trend readings throughout 2014 and a dip back into slight negative territory in March It suggests the Australian economy has regained some momentum although the growth pulse is still not particularly strong he Leading Index growth rate has ... (full story)