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Financial News: Australia Leading Index Advances 0.44% In December -

Australia Leading Index Advances 0.44% In December - Westpac

01/24/2017 - 19:22:00 (RTTNews)

(RTTNews) - A leading economic indicator for the Australian economy jumped in December, Westpac Bank said on Wednesday - rising 0.44 percent last month.

That follows the upwardly revised 0.03 percent gain in November (originally 0.02 percent).

The six-month growth rate climbed from flat in November to 1.28 percent in December; in all, the index has been above trend in five straight months.

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