The six-month annualised development charge within the Westpac-Melbourne Institute Main Index, which signifies the possible tempo of financial exercise relative to development three to 9 months into the longer term, moved into barely constructive territory in October, lifting to +0.35% in October from +0.10% in September.
WPAC feedback:
- Main Index development charge lifts to 0.35%, transferring into barely constructive territory
- Improve marks a step-up from around-trend readings over previous six months
- Latest surge in shopper expectations performed an enormous position
This text was written by Eamonn Sheridan at investinglive.com.
