Australian Westpac/MI Leading Index for April has its ninth consecutive negative result | Forexlive

From Westpac / Melbourne Institute, summary points:

• 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, declined to -0.78% in April from -0.69% in March.
• Leading Index growth rate remains stuck firmly below trend at –0.78%.
• Ninth consecutive negative print.
• slowdown in 2023 now looks set to carry into 2024.
• Components show weakness shifting from financial conditions to construction and commodity sectors.