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SOURCE The Conference Board
NEW YORK, Aug. 20, 2014 /PRNewswire/ -- The Conference Board Leading Economic Index® (LEI) for Australia increased 0.4 percent in June to 130.2 (2004 = 100), following a 0.2 percent increase in May, and a 0.1 percent decrease in April.
At the same time, The Conference Board Coincident Economic Index® (CEI) for Australia, a measure of current economic activity, increased 0.2 percent in June to 125.2 (2004 = 100), after remaining unchanged in May, and a 0.1 percent increase in April.
The Conference Board LEI for Australia has remained relatively flat over the previous few months, and as a result, its six-month growth rate has declined compared to the latter half of 2013. At the same time, The Conference Board CEI for Australia has changed little in recent months, but is improved compared to six months ago. Taken together, the current behavior of the composite indexes suggests that economic expansion is not likely to accelerate 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
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.