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Back You are here: Home Economy Global Asian Economic News Conference Board August Leading Index For Australia Down 0.2%

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Conference Board August Leading Index For Australia Down 0.2%

The conference Board's Leading Index for Australia declined 0.2 percent for August.

The Coincident index, however, rose by 0.1 percent.

The Conference Board reported Wednesday that the Leading Index decline reversed the small increase seen in July. Declines in the money supply and building approvals categories offset gains in the yield spread, sales-to-inventories ratio and stock prices.

The Coincident Index, which measures current economic activity, saw increases in two of its four components.

The Board also revised declines in the Coincident Index for the previous two months to "no change."

by RTT Staff Writer