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Westpac: The Leading Index points to......>

AUSTRALIA
AUSTRALIA: Westpac: The Leading Index points to slowing growth over the second
half of 2018. The May update is the weakest since September last year and while
the index growth rate still indicates that momentum is running slightly above
trend, there has been a clear shift lower in the first half of 2018. Latest
national accounts figures show the Australian economy growing at an above trend
3.1% pace over the year to March. That is broadly consistent with the stronger
growth pulse we saw in the Leading Index through much of 2017. While that pulse
carried into the first few months of 2018 it has faded noticeably since
February. 
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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