The Conference Board (CB) released its leading economic index for Australia on late Tuesday evening. The leading economic index decreased 0.4% in August, after a 0.3% rise in July.

The decrease was driven by a drop in building approvals, money supply, share prices and the sales to inventories ratio.

The coincident index was up 0.2% in August, after a 0.2% gain in July.

The rise was driven by employment, household disposable income and industrial production.