Economic Buzz: Australia economic momentum improves in August

The Westpac?Melbourne Institute Leading Economic Index was unchanged month-on-month in August, while its six-month annualised growth rate improved to -0.09% from -0.17%. The index remains slightly below trend, although momentum has strengthened since mid-year. Resilient household activity and rising data-centre investment are supporting a gradual stabilisation, while Westpac expects the RBA to maintain a hawkish stance before potentially raising rates after the October inflation data.

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