Australia leading index rises above trend in August

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Source: RTTNews
Australia's leading economic indicator surged above its long-term trend in August, for the first time in a year, Westpac and Melbourne Institute reported on Wednesday. The annually adjusted growth rate of the index was 3%, compared to a long-term trend of 2.7%. On monthly basis the index added 0.5% to 286 from 284.7 in July.
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