• Headline CPI +0.2% Q/Q (vs. +0.4% expected), lowest in 3 quarters
  • Trimmed Mean CPI +0.6% Q/Q (vs. +0.7% expected)
  • Weighted Median CPI +0.5% Q/Q (vs. +0.6% expected)
  • Wespac/MI Leading Index +0.6% M/M (vs. +0.07% prior)

On the leading Index:

Westpac chief economist Bill Evans conceded the index was sending a “somewhat more buoyant growth signal” than the bank currently expects

The index supports the view that Australia’s economy may be strengthening after slowing sharply in the third quarter following declines in the terms of trade, and in the wake of Reserve Bank of Australia interest rate cuts in 2013.

Quoted in the Australian Financial Review (Gated)