Westpac / Melbourne Institute (MI) Leading Index for November is -0.06%
- prior was +0.07% (revised from )+0.03%
- 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 –0.15% in October to –0.47% in November.
- tenth consecutive month where the growth rate in the Index has been below trend
- Follows thirteen consecutive months to February this year when the growth rate was above trend
- Continues to indicate that we can expect growth in the Australian economy to stay below trend in the final quarter of 2014 and well into 2015
