A small fall for the month, still above its longer run trend
– The six month annualised growth rate in the Westpac-Melbourne Institute Leading Index (which indicates the likely pace of economic activity relative to trend three to nine months into the future) fell from 1.34% in January to 1.02% in February
Main points (in summary from WPAC’s note on the result), bolding mine:
Australia: Westpac-Melbourne Institute Leading Index (February) -0.07% m/m
