NEW YORK, Sept. 15, 2020 /PRNewswire/ -- The Conference Board Leading Economic Index® (LEI) for Australia decreased 0.3 percent in July 2020 to 106.6 (2016=100).
The Conference Board Coincident Economic Index® (CEI) for Australia increased 2.4 percent in July 2020 to 107.8 (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.
The updated data tables can be found by clicking here.
For more information about The Conference Board global business cycle indicators, click here.
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