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The Conference Board (CB) released its leading economic index for Australia on Friday. The leading economic index increased 0.2% in May, after a 0.3% fall in April.
The increase was driven by higher inventory sales, rural goods exports, yield spread, building approvals and gross operating surplus.
The coincident index was up 0.3% in May, after a 0.1% gain in April.
The rise was driven by employment, household disposable income and industrial production.
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