Global Economic News

Australia Leading Index Slows In November - Westpac

A leading index for the Australian economy remained positive in November, albeit at a slower pace, the latest survey from Westpac Bank showed on Wednesday - adding 0.02 percent.

That follows the upwardly revised 0.10 percent increase in October (originally 0.06 percent).

It also marks the fourth straight month of growth following 15 months of below trend activity.

The three-month moving average fell from 0.51 percent in October to 0.11 percent in November.

by RTTNews Staff Writer

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