Australian Leading Index first clear 'above-trend' result since November 2023Westpac Leading Index, in brief:
- Leading Index has moved into positive territory, from -0.20% in September to +0.26% in October.
- This provides a tentative signal that growth momentum is set to improve from its current nadir.
- Improvements mostly centred on components related to consumer sentiment and commodity prices.
This article was written by Eamonn Sheridan at www.forexlive.com.
Source: Australian Leading Index first clear 'above-trend' result since November 2023 (https://www.forexlive.com/news/australian-leading-index-first-clear-above-trend-result-since-november-2023-20241119/)