Australian September Leading Index “nudges back up to just over trend”

The Westpac-Melbourne Institute Leading Index tends not to shift AUD around too much upon release.

AUD/USD is moribund around 0.6490.

From WPAC’s report:

• The six-month annualised 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, nudged back up to +0.04% in September from -0.16% in August.

• Momentum remains subdued compared to start of the year.
• Mixed signals from components with a lack of direction overall.

This article was written by Eamonn Sheridan at investinglive.com.