Daily economic round-upBY PETER BELL | THURSDAY, 24 AUG 2006 12:28PMThe Westpac-Melbourne Institute's Leading Index rose by 1.8 points in June resulting in a year on year growth rate of 5.3 per cent, the highest monthly reading since March 2004. The index measures four components of future activity in the approvals for the construction of new homes, money supply, shares prices and US industrial production and suggests good economic growth over the next three to six months. |
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