Australia – Westpac/Melbourne Institute (MI) Leading Index for March: 0.0% m/m (prior was -0.1%)

Flat on the month

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From Westpac:

• The six month annualised deviation from trend growth rate of the Westpac Melbourne Institute Leading Index which indicates the likely pace of economic growth three to nine months into the future rose from –0.15% in February to –0.09% in March.
• second consecutive month where the 6 month annualised growth rate in the Index has fallen below trend