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The Conference Board’s November leading indicator for Australia was out this morning and fell 0.2%, down for the fifth straight month and at this point doing a better job than Westpac’s version:
At least it has a commodity price dimension:
The Coincident Index is also falling.
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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific's leading geo-politics and economics portal.
He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.
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