Westpac leading index
+0.13% m/m
- prior +0.14%, revised up from +0.08%
WPAC comments:
This is the first above trend reading on momentum since mid-year
- Suggests some of the headwinds to growth evident earlier in the year have eased
- the signal still looks fragile
- key negatives around commodity prices, housing, labour market conditions and the consumer likely to contain any upswing in 2018.
--
