Global Economic News

Australia Leading Index Inches Higher - Westpac

The Australian economy picked up the slightest of steam in September, the latest survey from Westpac Bank revealed on Wednesday as its leading index advanced 0.06 percent on month.

That's up from the upwardly revised 0.01 percent growth in the previous month (originally flat).

The index for the next six months jumped from 0.15 percent in August to 0.58 percent in September.

Individually, employment, consumer sentiment and dwelling approvals all bounced higher.

by RTTNews Staff Writer

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