Bloomberg News

Australian Leading Index Rises for Sixth Month, Westpac Says

October 16, 2012

An Australian index of leading economic indicators advanced for a sixth straight month in August as measures of manufacturing materials prices and productivity improved.

The index, a gauge of future economic growth, increased 0.5 percent to 286 from 284.7 in July, Westpac Banking Corp. (WBC) and the Melbourne Institute said in a statement in Sydney today. The coincident index, a measure of the current state of the economy, rose 0.2 percent to 277.2, the bank said.

To contact the reporter on this story: Brendan Murray in Sydney at brmurray@bloomberg.net

To contact the editor responsible for this story: Stephanie Phang at sphang@bloomberg.net


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