Australian Leading Index stumbles further, points to more weak growth ahead

<p>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, dipped to -0.40% in October from -0.38% in September.
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Says WPAC:</p><ul><li>Economy set to remain stuck in ‘low growth rut’ well into next year.
</li><li>Range of headwinds continues despite improvement since start of the year.
</li><li>Components show cooling labour market, unsettled financial markets and shaky confidence are now the main weak spots.</li></ul><figure data-media-><img src="https://images.forexlive.com/images/Australia_id_433d1472-b03e-4f7f-bcc0-1111cbb11ade_original.jpg" alt="Let the Fed move first" wrapper-="wrapper-" data-src="https://images.forexlive.com/images/Australia_id_433d1472-b03e-4f7f-bcc0-1111cbb11ade_original.jpg" /></figure><p><br></p><p><br></p>

This article was written by Eamonn Sheridan at www.forexlive.com.