Westpac leading index for March
Australia's March the leading index fell -0.22% versus a revised +0.43% gain in the prior month. The original game was 0.29% in February.
- the index fell to 97.77 versus 97.99 in February
Contributions to the leading index:
- S&P/ASX 200 -0.03%
- Westpac-MI CSI expectations index +0.01%
- US industrial production +0.51%
- RBA commodity prices AUD +0.31%
- dwelling approvals -0.03%
- yield spread -0.09%
- Westpac MI EU index +0.06%
- aggregate monthly hours worked -0.05%
The leading index is a gauge of growth for the next 6 to 9 months
