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The Conference Board's Leading Economic Index (LEI) for Australia improved by 0.9 percent in June.
The private sector think tank also reported Thursday that its Coincident Index, which measures current economic conditions, declined 0.1 percent for the month.
The Leading Index increased for the fourth time in the last five months, with six of the seven measured components showing improvement in June. The largest gains were seen in building approvals, the yield spread, share prices and the money supply.
The Board said the June increase pushed the six-month change in the LEI into positive territory for the first time since September 2008.
The Coincident Index was pushed lower by a decline in retail trade, with employed persons and retail trade declining in June and household disposable income and industrial production unchanged.
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