The Australian economy took a step backwards in June, the latest survey from Westpac bank revealed on Wednesday as its leading economic index slid 0.22 percent.
That follows the 0.21 percent increase in May.
The outlook component climbed to -0.14 percent in June from -0.37 in May.
Supporting the index were gains in commodity prices, the share market and dwelling approvals - countered by deterioration in aggregate monthly hours worked.
For comments and feedback contact: editorial@rttnews.com
Economic News
What parts of the world are seeing the best (and worst) economic performances lately? Click here to check out our Econ Scorecard and find out! See up-to-the-moment rankings for the best and worst performers in GDP, unemployment rate, inflation and much more.
April 24, 2026 15:15 ET Economics news flow was relatively light this week even as the conflict in the Middle East continued, raising concerns for policymakers. In the U.S., spending data, initial jobless claims and pending home sales were the highlights. Business confidence in the biggest euro area economy was in focus in Europe. Inflation data from Japan gained attention in Asia.