Australian Leading Index Rises for Sixth Month, Westpac Says

An Australian index of leading economic indicators advanced for a sixth straight month in August as measures of manufacturing materials prices and productivity improved.

The index, a gauge of future economic growth, increased 0.5 percent to 286 from 284.7 in July, 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 0.2 percent to 277.2, the bank said.