Australian main index stays subdued: ‘Sluggish movement’ restoration continues to underwhelm
The six-month annualised development fee within the Westpac-Melbourne Institute Main Index, which signifies the seemingly tempo of financial exercise relative to pattern three to 9 months into the longer term, ticked as much as zero.12% in July from zero.01% in June.
Notes from analysts at WPAC:
- Main Index development fee ticks as much as zero.12% in July.
- ‘Sluggish movement’ restoration continues to underwhelm.
- Important headwind coming from commodity value falls and better AUD.
- Softer tone from labour market however different parts missing course.
AUD/USD is little modified circa zero.6494.
This text was written by Aaron Cutchburt at investinglive.com.
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