2014

The Conference Board Leading Economic Index® (LEI) for Australia Decreases

NEW YORK, Aug. 21, 2013 /PRNewswire/ -- The Conference Board Leading Economic Index® (LEI) for Australia fell 0.2 percent in June to 122.9 (2004 = 100), following no change in May, and a 0.3 percent increase in April.

At the same time, The Conference Board Coincident Economic Index® (CEI) for Australia, a measure of current economic activity, increased 0.1 percent in May to 122.7 (2004 = 100), following a 0.1 percent decrease in May, and a 0.2 percent increase in April.

The LEI for Australia declined slightly in June, after increasing at a modest pace since the beginning of 2013. However, the six-month growth in the LEI remains stronger than it was during the second half of 2012, with widespread strengths among its components. Meanwhile, the six-month growth rate in the CEI has mostly accelerated in the first half of the year. Taken together, the recent behavior in both the LEI and CEI suggests that the current rate of economic expansion is likely to continue in the coming months. 

About The Conference Board Leading Economic Index® (LEI) for Australia
The composite economic indexes are the key elements in an analytic system designed to signal peaks and troughs in the business cycle. The leading and coincident economic indexes are essentially composite averages of several individual leading or coincident indicators. They are constructed to summarize and reveal common turning point patterns in economic data in a clearer and more convincing manner than any individual component – primarily because they smooth out some of the volatility of individual components.

The seven components of The Conference Board Leading Economic Index® for Australia include:

Yield Spread, 10 year minus Policy Rate
Share Prices, All Ordinaries
Money Supply, M3
Rural Goods Exports
Sales to Inventory Ratio
Gross Operating Surplus, Private Non-Financial Corporations
Building Approvals

For more information including full press release and technical notes:
http://www.conference-board.org/data/bcicountry.cfm?cid=7

For more information about The Conference Board global business cycle indicators:
http://www.conference-board.org/data/bci.cfm

About The Conference Board
The Conference Board is an independent business membership and research association working in the public interest. Our mission is unique: To provide the world's leading organizations with the practical knowledge they need to improve their performance and better serve society. The Conference Board is a non-advocacy, not-for-profit entity holding 501 (c) (3) tax-exempt status in the United States.  www.conference-board.org.

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Summary Table of Composite Economic Indexes


2013

6-month


Apr

May

Jun

Dec to Jun









Leading Economic Index

123.2

p  

123.2

p  

122.9

p


   Percent Change  

0.3

p  

0.0

p  

-0.2

p  

0.8

   Diffusion  

85.7


71.4


57.1


85.7









Coincident Economic Index 

122.7

p  

122.6

p  

122.7

p


   Percent Change  

0.2

p  

-0.1

p  

0.1

p  

1.0

   Diffusion  

100.0


62.5


75.0


100.0









n.a. Not available    p Preliminary    r Revised

Indexes equal 100 in 2004

Source: The Conference Board      All Rights Reserved

 

SOURCE The Conference Board



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