Australian June leading index - economy improving but to remain below trend into 2025This data point tends not to be much of an AUD mover upon release.
Westpac-Melbourne Institute Leading Index
- for June 2024
- indicates the likely pace of economic activity relative to trend three to nine months into the future
- rose from -0.28% in May to -0.13% in June
WPAC assessment:
- Lower commodity prices partially offset by stabilising hours worked.
- Economic activity improving but to remain below trend in to early 2025
This article was written by Eamonn Sheridan at www.forexlive.com.
Source: Australian June leading index - economy improving but to remain below trend into 2025 (https://www.forexlive.com/news/australian-june-leading-index-economy-improving-but-to-remain-below-trend-into-2025-20240717/)
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