Australia's Leading Economic Index Rises Again

The Conference Board's index of leading economic indicators for Australia rose for the seventh consecutive month in August, the most recent month for which data are available. Including August's two-tenths percent increase, the index now stands at 159.8 (1990=100).

During the second quarter of this year, Australia's inflation-adjusted GDP growth increased to an annual rate of 5.2%, and "the improvement in the leading index since the beginning of 2005 suggests that economic growth is likely to continue in the near term," says the Conference Board, a New York-based business research group.

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