Global Economic News

Australia Leading Index Suggests Mild Strength - Westpac

A leading index for Australia says the economy is on a path of slow growth, the latest survey from Westpac Bank revealed on Wednesday - rising 0.06 percent on month in October.

That follows the upwardly revised 0.08 percent increase in September (originally 0.06 percent).

The reading in October is the third straight positive showing following 15 consecutive months of growth below trend.

The bank said an improvement in terms of trade was a key driver in the data.

by RTTNews Staff Writer

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