Australian data – 11th negative press in a row for the growth rate of the Leading Index

Headline: Westpac Leading Index for June +0.11% m/m (previously -0.26%). More attention is paid to the growth rate of the Leading Index as shown below: Westpac’s summary from their report: The six-month annualized rate of growth in the Westpac-Melbourne Institute Leading Index, which shows the likely pace of Australian economic activity relative to the trend […]