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Australia Westpac Leading Index Signals Weak Growth

Por: RTTNews Business January 25, 2023

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Australia's leading index continued to point to below-trend growth in the first half of the year largely due to weaker consumer spending, Westpac said Wednesday.The annualized 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, was -0.97 percent in December, largely unchanged on the -0.96 percent in November.The growth rate... + full article



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