Westpac with the leading index.
Leading Index growth rate drops to –0.23%.
• Momentum likely to remain weak throughout 2024.
• Pull-back in commodity prices drives latest slowing.
• Most other components remain soft.
Leading index: More crapola growth ahead
David Llewellyn-Smith
Wednesday 17 April 2024
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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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