FOREX TradingCharts.com

Financial News: Australia Westpac Leading Index Signals Slowing Growth Mom

Australia Westpac Leading Index Signals Slowing Growth Momentum

09/19/2018 - 01:37:00 (RTTNews)

(RTTNews) - Australia's leading index signaled a slowing growth momentum into the second half of 2018 and 2019, data from Westpac showed Wednesday.

The Westpac-Melbourne Institute leading index, which indicates the likely pace of economic activity relative to trend three to nine months into the future, fell to -0.02 percent in August from 0.5 percent in July.

Westpac expects momentum to slow to around 2.5 percent in the second half of 2018, which will be slightly below trend, with this slower pace to be sustained through 2019 at around 2.7 percent.

Important headwinds for growth going forward would be an uncertain outlook for the consumer with ongoing weak wages growth, falling property prices in Sydney and Melbourne, and a slowdown in jobs growth as both political uncertainty and global volatility weigh on business' employment decisions, Bill Evans, chief economist at Westpac, said.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2018 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


Taiwan Retail Sales Growth Rebounds In September (41 min(s), 36 sec(s) ago)
(RTTNews) - Taiwan's retail sales annual growth gained momentum in September after slowing sha ...Full Story»

Poland Unemployment Rate At 28-year Low (56 min(s), 36 sec(s) ago)
(RTTNews) - Poland's unemployment rate eased slightly in September, after holding steady in th ...Full Story»

South Africa Leading Index Decreases For Second Month (01 hr(s), 16 min(s), 36 sec(s) ago)
(RTTNews) - South Africa's leading economic index dropped for a second straight month in Augus ...Full Story»

Finland Jobless Rate Lowest Since Nov. 2011 (01 hr(s), 24 min(s), 36 sec(s) ago)
(RTTNews) - Finland's unemployment rate in September was the lowest in nearly seven years, pre ...Full Story»

Denmark Consumer Confidence Lowest Since Early 2017 (02 hr(s), 02 min(s), 36 sec(s) ago)
(RTTNews) - Denmark's consumer confidence weakened for a fourth straight month in October to i ...Full Story»

Indonesia Interest Rates Unchanged After Two Hikes (03 hr(s), 03 min(s), 36 sec(s) ago)
(RTTNews) - Indonesia's central bank left its key interest rate unchanged in October after hik ...Full Story»

Taiwan Industrial Production Growth Remains Lackluster (03 hr(s), 35 min(s), 36 sec(s) ago)
(RTTNews) - Taiwan's industrial production continued its modest growth in September, prelimina ...Full Story»

Hong Kong Inflation At 7-month High (03 hr(s), 48 min(s), 36 sec(s) ago)
(RTTNews) - Hong Kong's consumer price inflation accelerated strongly in September after easin ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

Taiwan Retail Sales Growth Rebounds In September

10/23/2018 - 07:56 AM (RTTNews)
(RTTNews) - Taiwan's retail sales annual growth gained momentum in September after slowing sha ...Full Story>>

Poland Unemployment Rate At 28-year Low

10/23/2018 - 07:41 AM (RTTNews)
(RTTNews) - Poland's unemployment rate eased slightly in September, after holding steady in th ...Full Story>>

South Africa Leading Index Decreases For Second Month

10/23/2018 - 07:21 AM (RTTNews)
(RTTNews) - South Africa's leading economic index dropped for a second straight month in Augus ...Full Story>>

Finland Jobless Rate Lowest Since Nov. 2011

10/23/2018 - 07:13 AM (RTTNews)
(RTTNews) - Finland's unemployment rate in September was the lowest in nearly seven years, pre ...Full Story>>

Denmark Consumer Confidence Lowest Since Early 2017

10/23/2018 - 06:35 AM (RTTNews)
(RTTNews) - Denmark's consumer confidence weakened for a fourth straight month in October to i ...Full Story>>

Binary Options Articles Courtesy of NADEX

These pages, and all content ©TradingCharts.com Inc and other copyright holders. Permission is not granted to redistribute charts, data, news or other information found on this site, in any manner. Although it is believed that information provided is accurate, TradingCharts will not accept liability for any loss or damage that may arise from use of the content, inability to access the website, or delay or failure of receive of any information provided through this site.