Australia's Leading Index Unchanged

March 28, 2005
The Conference Board's leading economic index for Australia was unchanged in January, the latest month for which data are available. The Index remains at 154.8 (1990=100). "The growth rate of the leading index in recent months has been slightly below ...

The Conference Board's leading economic index for Australia was unchanged in January, the latest month for which data are available. The Index remains at 154.8 (1990=100).

"The growth rate of the leading index in recent months has been slightly below its long-term trend growth," says the New York-based business research group. "This suggests that the economy should continue growing in the near term, at perhaps a higher rate than the sluggish growth in the second half of 2004, but not as strongly as the rapid growth in the second half of 2003."

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