Australia - Westpac leading index (May): -0.22% m/m (prior +0.19%)

The previous for this revised to +0.23% m/m from +0.19%

Very minor wiggles - the index not really going anywhere … slow growth ahead …

Westpac;

• Leading Index points to slowing growth over the second half of 2018.
• The May update is the weakest since September last year
• index growth rate still indicates that momentum is running slightly above trend, there has been a clear shift lower in the first half of 2018
• stronger growth pulse we saw in the Leading Index through much of 2017. While that pulse carried into the first few months of 2018 it has faded noticeably since February