Bill Evans, Research Analyst at Westpac, notes that the six month annualised growth rate in the Westpac-Melbourne Institute Leading Index of Australia, which indicates the likely pace of economic activity relative to trend three to nine months into the future, dropped from +0.05% in May to -0.33% in June. Key Quotes “This is the first below trend reading since September last year and the weakest index growth rate since July 2017.” “The Leading Index growth rate has now slowed by just over 1ppt since the start of the year, swinging from a comfortably above trend pace to back below trend.” “The comfortably above trend pace persisted through January to April; slowed in May; and has now moved below trend in June. We will need further confirmation of this below trend movement to be comfortable that the Index has now shifted to a below trend signal for the growth outlook for the remainder of 2018 and into 2019.” “All components have contributed to this slowdown over the course of 2018 (from positive 0.68% in January to a negative 0.33% in June – a deterioration of 1.01ppts over the year).” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next US: Industrial Production rebounded in June – Nomura FX Street 5 years Bill Evans, Research Analyst at Westpac, notes that the six month annualised growth rate in the Westpac-Melbourne Institute Leading Index of Australia, which indicates the likely pace of economic activity relative to trend three to nine months into the future, dropped from +0.05% in May to -0.33% in June. Key Quotes "This is the first below trend reading since September last year and the weakest index growth rate since July 2017." "The Leading Index growth rate has now slowed by just over 1ppt since the start of the year, swinging from a comfortably above trend pace to back below trend."… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
