Wed, 19 Sep 2012 06:41:06 GMT
Australia leading index rises in July
Australia's leading economic indicator extended advance in July, while its rate of rise stayed lower than its long-term trend signing that the economy is unlikely to outperform trend in the foreseen future. The annualized increase of the leading index was 2.2%, lower than the long-term trend of 2.7%, Westpac reported on Wednesday. Meanwhile, annualized expansion rate of coincident index was