Australia’s economic momentum slows as leading index falls to 0.2%
Australia's economy is showing signs of slowing momentum. The six-month annualised growth rate in the Westpac-Melbourne Institute Leading Index eased to 0.2 per cent in April from 0.5 per cent in March, indicating a deceleration in economic activity. This shift reflects heightened global trade uncertainty and a less supportive commodity price environment.
Australia's economy is showing signs of slowing momentum.
The six-month annualised growth rate in the Westpac-Melbourne Institute Leading Index eased to 0.2 per cent in April from 0.5 per cent in March, indicating a deceleration in economic activity.
This shift reflects heightened global trade uncertainty and a less supportive commodity price environment.
