Economic Buzz: Australia Westpac Leading Index Improves Slightly In February

16 Mar 2022 , 12:59 PM

Australias leading index rose in February but remained in negative zone, data from Westpac showed on Wednesday. The six-month annualized growth rate in the Westpac-Melbourne Institute Leading Index, which indicates the likely pace of economic activity relative to trend three to nine months into the future, rose to -0.25 percent in February from -0.5 percent in January. While the growth rate lifted in February, the latest read remained in negative territory but only slightly below trend. Westpac expects strong trend growth in 2022.

Powered by Commodity Insights