Australia’s Economy Stuck Down Under
The chart shows the Australian Growth Nowcaster line steadily declining since March 2018 and crossing into negative territory last February. The latest June reading is at -0.36, a six-year low. The Diffusion Index, which measures the breadth of indicators participating in an up- or downturn, is showing tentative signs of stabilisation, after falling precipitously from its last peak made in January 2018.
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