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MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
AUSTRALIA DATA
The Westpac leading index for October fell for the sixth-consecutive month. It fell 0.05% m/m after a downwardly revised 0.07% last month. The 6-month annualised growth rate, which is a gauge of growth 3 to 9 months ahead, fell to a new post-pandemic low of -1.19% from -1.09%. The index is consistent with RBA forecasts of growth slowing in 2023.
- Continued monetary tightening, falling commodity prices and slower growth in employment and hours worked are the reasons for the slowdown in the leading indicator over the last six months.
- See report here.
Westpac leading index 6m/6m ann %
Source: MNI - Market News/Westpac/Refinitiv
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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