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Article: LEADING INDEX FOR AUSTRALIA INCREASES IN AUGUST FOR SIXTH CONSECUTIVE MONTH
- Article from:
- US Fed News Service, Including US State News
- Article date:
- October 25, 2006
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The Conference Board issued the following news release:
The Conference Board announced today that the leading index for Australia increased 0.4 percent and the coincident index remained unchanged.
* The leading index increased in August for the sixth consecutive month, and real money supply was the strongest contributor to its gain. With August's increase, the growth rate of the leading index continued to fluctuate in the 3.0 to 4.0 percent range (annual rate). In addition, the strengths among the leading indicators continued to be widespread.
* The coincident index remained unchanged in August, but it is still on a slight upward trend which started in late 2005. At the same time, real GDP ...