empty
 
 

2020.04.2205:19:00UTC+00Australia's Westpac Leading Index Signals Deepening Contraction

Australia's leading index signaled deepening contraction in March due to the coronavirus pandemic, data from the Westpac showed Wednesday.

The six month annualized growth rate in the Westpac- Melbourne Institute Leading Index fell to -2.47 percent in March from -0.97 percent in February.

The score indicates the likely pace of economic activity relative to trend three to nine months into the future. The growth rate in the indicator was the most negative since the global financial crisis.

The leading index growth rate has deteriorated 1.7 percentage points over the last six months. The two major sub-indicators, mainly US industrial production and the ASX200 accounted for the decline.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $9000 more!
    In May we raffle $9000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback