Australia Leading Index Eases In October - Conference Board

(RTTNews) - The Australian economy continued to struggle in October, the latest survey from the Conference Board said on Thursday as its leading economic index dipped 0.1 percent on month.

That follows the downwardly revised 0.3 percent contraction in September (originally -0.1 percent).

Among the individual components, the positive contributors to the index included share prices, money supply, the yield spread and gross operating surplus.

The sales to inventories ratio component, rural goods exports and building approvals declined in October.

For the last six months, the index was down 1.3 percent after gaining 1.1 percent in the three months prior.

The coincident index advanced 0.4 percent, accelerating from 0.2 percent in the previous month.