Annualised growth pace in the economy stuck around 2.5 per cent.
The Westpac-Melbourne Institute leading index shows the annualised growth rate of the index was 2.4 per cent in February 2012.
The annualised growth rate of the Index, which indicates the likely pace of economic activity three to nine months into the future, was 1.6 per cent in May 2011.
The annualised growth rate of the Westpac–Melbourne Institute Leading Index was 5.3 per cent in March 2011, above its long term trend of 3.4 per cent.
The Westpac-Melbourne Institute Leading Index has been announced with the November figure at 7.6 per cent, well above its long-term average of three per cent.