 Australia Westpac-MI leading index dropped from -0.84 to -0.92 in November. Growth rate was, thus, in negative territory for the fourth consecutive month. The data is consistent with below trend growth well into 2023. Drivers of weakness are the RBA interest rate and commodity prices. Westpac expects another 25bps rate hike by RBA in February, ... The post Australia leading index consistent with below trend growth well into 2023 appeared first on Action Forex... 