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

Jul 16, 2015, 20:00 ET from The Conference Board

NEW YORK, July 16, 2015 /PRNewswire/ -- The Conference Board Leading Economic Index® (LEI) for Australia increased 0.2 percent in May to 104.8 (2010 = 100), following a 0.3 percent decline in April, and no change in March.

At the same time, The Conference Board Coincident Economic Index® (CEI) for Australia, a measure of current economic activity, increased 0.3 percent in May to 108.5 (2010 = 100), following a 0.1 percent increase in April, and a 0.3 percent increase in March.

The Conference Board LEI for Australia increased modestly in May and the strengths among its components remain widespread. As a result, the six-month growth rate of the LEI has improved considerably compared to six months ago. Meanwhile, the CEI for Australia continues to increase, and its six-month growth rate has also improved over the same time span. Taken together, the recent behavior of the composite indexes suggests that the current economic expansion should continue in the near term.

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.

 

Summary Table of Composite Economic Indexes


2015


6-month


Mar


Apr


May


Nov to May










Leading Economic Index

104.9

p

104.6

p

104.8

p



  Percent Change

0.0

p

-0.3

p

0.2

p

1.8


  Diffusion

71.4


57.1


71.4


100.0











Coincident Economic Index

108.1

p

108.2

p

108.5

p



  Percent Change

0.3

p

0.1

p

0.3

p

1.3


  Diffusion

100.0


75.0


87.5


100.0











n.a.  Not available     p  Preliminary     r  Revised





Indexes equal 100 in 2010









Source:  The Conference Board               All Rights Reserved


 

SOURCE The Conference Board



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