Leading index firms

Wednesday 20 November 2024

Westpac with the note.

• Leading Index has moved into positive territory, from –0.20% in September to +0.26% in October.
• This provides a tentative signal that growth momentum is set to improve from its current nadir.
• Improvements mostly centred on components related to consumer sentiment and commodity prices.

Hardly tearing it up.

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.