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Australia’s Westpac Leading Index Rose 0.5% in June

Aug. 22 (Bloomberg) -- An Australian index of leading economic indicators advanced in June as stocks, money supply and U.S. industrial production gained.

The index, a gauge of future economic growth, increased 0.5 percent to 284 from 282.6 in May, Westpac Banking Corp. and the Melbourne Institute said in a statement in Sydney today. The coincident index, a measure of the current state of the economy, rose 0.1 percent in June to 277.8, the bank said.

To contact the reporter on this story: Michael Heath in Sydney at mheath1@bloomberg.net

To contact the editor responsible for this story: Stephanie Phang at sphang@bloomberg.net

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