Australia Leading Index Slows In July - Westpac



The Australian economy remained slightly below trend in July, the latest leading index from Westpac Bank/Melbourne Institute revealed on Wednesday - easing 0.1 percent on month. That follows the 0.1 percent increase in June. "The index continues to indicate that we can expect growth in the Australian economy to stay below trend in the second half of 2014 and into 2015," Westpac said. "We do not expect to see the Reserve Bank changing rates anytime over the next year."

News are provided by InstaForex.