NEW YORK, Feb. 21, 2018 /PRNewswire/ -- The Conference Board Leading Economic Index® (LEI) for Australia decreased 0.3 percent in December 2017 to 104.6 (2016=100).
The Conference Board Coincident Economic Index® (CEI) for Australia increased 0.3 percent in December 2017 to 102.7 (2016=100).
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.
For more information about The Conference Board global business cycle indicators, click here.
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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.