The Conference Board Leading Economic Index® (LEI) for Australia Increases - 13 WTHR Indianapolis

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

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SOURCE The Conference Board

NEW YORK, March 20, 2014 /PRNewswire/ -- The Conference Board Leading Economic Index® (LEI) for Australia increased 0.2 percent in January to 128.3 (2004 = 100), following a 0.9 percent increase in December, and a 0.3 percent increase in November.

At the same time, The Conference Board Coincident Economic Index® (CEI) for Australia, a measure of current economic activity, increased 0.2 percent in January to 123.7 (2004 = 100), following a 0.1 percent increase in December, and a 0.2 percent increase in November.

The Conference Board LEI for Australia has been on an upward trend since mid-2013, and as a result its six-month growth rate has improved considerably compared to the first half of last year. At the same time, The Conference Board CEI for Australia, a measure of current economic activity, has also been improving over the same time span. Taken together, the current behavior of the composite indexes suggests that economic expansion will 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.

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Summary Table of Composite Economic Indexes


2013

2014

6-month


Nov

Dec

Jan

Jul to Jan









Leading Economic Index  

127.0

r  

128.1

p  

128.3

p


   Percent Change  

0.3

r  

0.9

p  

0.2

p  

2.3

   Diffusion  

85.7


100.0


71.4


100.0









Coincident Economic Index  

123.3

r  

123.4

p  

123.7

p


   Percent Change  

0.2


0.1

p  

0.2

p  

0.8

   Diffusion  

87.5


75.0


100.0


100.0









n.a. Not available    p Preliminary    r Revised

Indexes equal 100 in 2004

Source: The Conference Board      All Rights Reserved

 

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