Info comes via analysts at Australia's Westpac Bank.The six-month annualised growth rate in the Westpac-Melbourne Institute Leading Index, which indicates the likely pace of economic activity relative to trend three to nine months into the future, dropped back to -0.16% in August from +0.11% in July. First below-trend reading since late 2024.Recovery still intact but momentum is proving hard to sustain.Nearly all components have contributed to moderation over last six monthsNot a positive outlook ahead from this measure. The Reserve Bank of Australia have been reluctant to cut rates quickly due to sticky inflation and a still relatively robust labour market. They do have to contend with some signs the economy is slowing a touch though. - AUD/USD is a little lower, but thats more to do with US dollar kicking back up a touch. EUR, NZD, GBP, JPY all down too. This article was written by Eamonn Sheridan at investinglive.com.