Oceania > Australia > Australia Leading Index Eases In October

Australia: Australia Leading Index Eases In October

2015/12/26

The Australian economy continued to struggle in October, the new survey from the Conference Board said on Thursday as its leading economic index dipped 0.1 % on month.

That follows the downwardly revised 0.3 % contraction in September (originally -0.1 %).

Part the individual components, the positive contributors to the index included share prices, money supply, the yield spread and gross operating surplus.

The sales to inventories ratio component, rural goods exports and building approvals declined in October.

For the last six months, the index was down 1.3 % next gaining 1.1 % in the three months prior.

The coincident index advanced 0.4 %, accelerating from 0.2 % in the previous month.

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