From Westpac this morning:
The annualised growth rate of the Westpac–Melbourne Institute Leading Index, which indicates the likely pace of economic activity three to nine months into the future, was 2.4% in June 2012, below its long term trend of 2.7%. The annualised growth rate of the Coincident Index, which gives a pulse of current activity, was 3.7%, above its long term trend of 3.1%.
