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    16.03.2016 16:28 Australian leading economic index declines 0.2% in February

    Westpac Bank released the Westpac-Melbourne Institute leading economic index for Australia on late Tuesday evening. The leading economic index declined 0.2% in February, after a 0.1% rise in January. January's figure was revised up from a flat reading.

     

    "Despite some improvement over the last two months, the Leading Index continues to point to below trend growth through much of 2016, implying a slowdown from 2015's slightly above trend pace," Westpac's Chief Economist, Matthew Hassan, said.


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