Type your search and hit enter
Economy moderating, but still strong: index

Economy moderating, but still strong: index

The Australian economy showed signs of moderation in April, but remained very strong and well above its long-term trend, according to Westpac and the Melbourne Institute.

The Westpac-Melbourne Institute Leading Index, an indicator of the likely pace of economic activity three to nine months in the future, was a positive 7.6% in April.

While this is down from a 12-year high of 8.8% in March, it is still significantly up from its long term trend of 3%.

International developments have been the main driver for this unseasonal growth, but some domestic factors, including the all ordinaries index, overtime worked and productivity, are serving as a drain on potential Index growth.

Join the CIO Australia group on LinkedIn. The group is open to CIOs, IT Directors, COOs, CTOs and senior IT managers.

Join the newsletter!


Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.

Tags WestpacWestpac-Melbourne Instituteeconomic indicators

Show Comments