Leading index at 97.99 (prior 97.80)
Not a strong reading. Fits with what we are seeing elsewhere on the economy …. just muddling along.
More:
- 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, increased slightly from +0.77% in March to +0.82% in April.
- Leading Index growth rate has remained above trend and lifted slightly over the last half year from 0.74% in November to today's 0.82% for April
