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.