Global Economic News

Australia Leading Index Unchanged In August - Westpac

Australia's economy looks to be stagnant in the near term, the latest survey from Westpac Bank showed on Wednesday with a flat leading index reading.

That's down from the upwardly revised 0.08 percent gain in July (originally 0.05 percent).

The six-month annualized growth rate in the index rose from -0.01 percent in July to +0.20 percent in August.

The positive Index growth rate follows 15 consecutive months where growth has been below trend.

by RTTNews Staff Writer

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