Economic Buzz: Australia's leading economic index shows soft activity

Australia's leading index indicated soft economic activity through the second half of the year, data from Westpac showed 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, eased to 0.03% in June from 0.11% in the previous month. Westpac forecast the economy to see an expansion of 1.7% over calendar 2025, recording a marginal improvement on the 1.3% gain in 2024.

Powered by Commodity Insights