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Westpac - Melbourne Institute Leading Index of Economic Activity
Leading Index points to continued below trend performance. The six month annualised deviation from trend growth rate of the Westpac Melbourne Institute Leading Index which indicates the likely pace of economic growth three to nine months into the future fell from –1.07% in August to –1.16% in September. Westpac’s Chief Economist Bill Evans commented, “This is the eighth consecutive month where the growth rate in the Index has been below trend. That follows 13 consecutive months to February this year when the growth rate was above trend. The index continues to indicate that we can expect growth in the ... (full story)