Australia's leading indicator slips in August

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Source: RTT News
© Scanpix/RS
An economic activity leading index in Australia decreased in August signaling that the country's economy lost its momentum and this trend may continue, the Westpac and the Melbourne Institute reported on Wednesday. The report showed that Australia's leading index dropped 0.1% from 294.8 recorded in July to a level of 294.5 in the following month.

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Wed, 16 Oct 2013 08:13:05 GMT

New York business conditions weakens in October

New York area business conditions for manufacturers slowed down in October missing original economists' expectations, the Federal Reserve Bank showed in a report on Tuesday. According to the report, the index of general business conditions dropped from 6.3 points recorded in September to 1.5 in October, while it was forecast to grow 7.0 points on the month.

Wed, 16 Oct 2013 07:36:08 GMT

New Zealand inflation rises slightly less than forecast in Q3

Inflation in New Zealand increased in the three months ended in September compared to the Q2 missing preliminary economists' expectations, a data released by the Statistics New Zealand revealed on Wednesday. According to the data, consumer prices rose 0.9% in the Q3, while the figure was forecast to record 0.8% increase after it advanced 0.2% in the Q2.

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