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<Econ> Australia Apr Westpac Leading Index Falls 0.17%, Signaling Econ Losing Momentum
Westpac and the Melbourne Institute jointly announced that Australias six-month annualised Westpac Leading Index for April widened its decline to 0.17%, compared with a previous d...
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<Econ> Australia Apr Westpac Leading Index Falls 0.17%, Signaling Econ Losing Momentum
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Westpac and the Melbourne Institute jointly announced that Australias six-month annualised Westpac Leading Index for April widened its decline to 0.17%, compared with a previous drop of 0.11%. The index indicates the likely pace of economic growth relative to trend over the next three to nine months.

Westpac said the Australian economy is clearly losing momentum. The April reading suggests below-trend growth, which could extend into 2H26 and even early next year. The full impact of higher interest rates and fuel shocks is still unfolding. (da/u)

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