The outlook for the Australian economy turned positive again in May, the Conference Board said on Friday, as its leading economic index added 0.2 percent.
That follows the 0.3 percent decline in April and the flat reading in March.
The LEI got positive contributions from sales to inventory ratio, rural goods exports, yield spread, building approvals and gross operating surplus. Money supply and share prices were down.
The coincident index advanced 0.3 percent after gaining 0.1 percent in April and 0.3 percent in March.
The CEI got positive contributions from employment, household disposable income and industrial production.
The material has been provided by InstaForex Company – www.instaforex.com