A leading economic index for Australia dipped slightly in September, the Conference Board said on Wednesday, easing 0.1 percent.

That follows the 0.4 percent decline in August; overall, the index has declined in six of the last seven months.

Four of the seven components that make up the leading index increased in September, including money supply, yield spread, gross operating surplus and rural goods exports.

Share prices and building approvals declined, while the sales to inventories ratio remained unchanged in September.

The coincident index added 0.2 percent in September, slowing from 0.4 percent in August.

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