Australia Leading Index Slips In August - Conference Board



A leading economic index for Australia was down 0.2 percent on month in August, the Conference Board said on Wednesday, following the 0.5 percent gain in July. Among the individual components of the survey, yield spread, sales to inventories ratio and money supply were higher, while share prices were unchanged and rural goods exports, gross operating surplus and building approvals were down. The coincident index added 0.2 percent on month after adding 0.1 percent in each of the two previous months. Among the individual components, employed persons, household gross disposable income, retail trade and industrial production all were higher.

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