The Westpac-MI leading index, a gauge on likely economic activity in three to nine months ahead, weakened modestly in November, pointing to the likelihood that the economy will grow below trend in the first half of next year. The index fell to -0.21% from -0.13% in October. It signals that […]
Risks to the downside.
Leading index heads south.
Westpac-MI index now well below trend.
Optimism may be misplaced.