Investing.com - A gauge of the Australian economy's prospects rose 0.1% in April, a private research group said on Thursday.
The rise in the Conference Board's index of leading economic indicators came after an increase of 0.3% in March.
In a statement, the group said: "The strengths among the leading indicators were somewhat less widespread than the weaknesses this month.
"Despite the increase in April, the six-month growth in the leading economic index continued to moderate, to 1.8% (a 3.6% annual rate) between October 2009 and April 2010, down from 2.4% (a 4.9% annual rate) for the previous six months."
Following the release of the data, the Australian dollar was slightly down against its U.S. counterpart, with AUD/USD shedding 0.07% to reach 0.8733.
The rise in the Conference Board's index of leading economic indicators came after an increase of 0.3% in March.
In a statement, the group said: "The strengths among the leading indicators were somewhat less widespread than the weaknesses this month.
"Despite the increase in April, the six-month growth in the leading economic index continued to moderate, to 1.8% (a 3.6% annual rate) between October 2009 and April 2010, down from 2.4% (a 4.9% annual rate) for the previous six months."
Following the release of the data, the Australian dollar was slightly down against its U.S. counterpart, with AUD/USD shedding 0.07% to reach 0.8733.