Australian economy set to pick up pace - index

Newswire

By Colin Brinsden SYDNEY, Dec 21 (Reuters) - The Australian economy looks set to return to trend growth in 2006, with the pace picking up to 3 percent next year from 2.5 percent in 2005, a leading index predicted on Wednesday. A smattering of second-tier data supported this improved outlook on Wednesday, indicating a partial rebound in vehicle sales as petrol prices come off the boil, and only a further moderation in skilled job vacancies. The annualised growth rate of the ...

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