Matthew Hassan, Research Analyst at Westpac, notes that the six month annualised growth rate in the Westpac-Melbourne Institute Leading Index, dropped from +0.83% in April to +0.11% in May. Key Quotes “The Leading Index points to slowing growth over the second half of 2018. The May update is the weakest since September last year and while the 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.” “The Leading Index growth rate has now slowed 1.31ppts since peaking at 1.42% in December. Domestic components account for most of the turnaround, with material shifts in every component: dwelling approvals (-37ppts); monthly hours worked (-28ppts); the Westpac Melbourne Institute CSI expectations index (-25ppts); and the Westpac-MI Unemployment Expectations Index (-21ppts). On a combined basis, domestic components are now showing a below trend growth pulse for the first time since April last 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 NEO price analysis: NEO/USD down 5% on the day, bearish trend gaining traction FX Street 3 years Matthew Hassan, Research Analyst at Westpac, notes that the six month annualised growth rate in the Westpac-Melbourne Institute Leading Index, dropped from +0.83% in April to +0.11% in May. Key Quotes "The Leading Index points to slowing growth over the second half of 2018. The May update is the weakest since September last year and while the 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." "The Leading Index growth rate has now slowed 1.31ppts since peaking at 1.42% in December. Domestic components account… Top 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.
