NEW YORK, April 27, 2015 /PRNewswire/ -- The
Conference Board Leading Economic Index® (LEI) for
Australia increased 0.5 percent in
February to 104.2 (2010 = 100), following a 0.4 percent increase in
January, and a 0.5 percent increase in December.
At the same time, The Conference Board Coincident Economic
Index® (CEI) for Australia, a measure of current economic
activity, increased 0.4 percent in February to 107.9 (2010 = 100),
following a 0.1 percent increase in January, and a 0.3 percent
increase in December.
The Conference Board LEI for Australia increased for the third consecutive
month, after a streak of declines since August of last year, and
the strengths among its components have become more widespread. As
a result, the six-month growth rate of the LEI has moved into
positive territory. Meanwhile, the CEI for Australia continues to improve, and its
six-month growth rate is much higher than six months ago. Taken
together, the recent behavior of the composite indexes suggests
that the economic expansion should continue in the near term, and
the pace of growth may even pick up in the coming months.
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
|
|
|
2014
|
|
2015
|
|
6-month
|
|
Dec
|
|
Jan
|
|
Feb
|
|
Aug to
Feb
|
|
|
|
|
|
|
|
|
|
Leading Economic
Index
|
103.3
|
p
|
103.7
|
p
|
104.2
|
p
|
|
|
Percent
Change
|
0.5
|
p
|
0.4
|
p
|
0.5
|
p
|
0.6
|
|
Diffusion
|
85.7
|
|
71.4
|
|
71.4
|
|
85.7
|
|
|
|
|
|
|
|
|
|
|
Coincident
Economic Index
|
107.4
|
p
|
107.5
|
p
|
107.9
|
p
|
|
|
Percent
Change
|
0.3
|
p
|
0.1
|
p
|
0.4
|
p
|
1.5
|
|
Diffusion
|
100.0
|
|
75.0
|
|
100.0
|
|
100.0
|
|
|
|
|
|
|
|
|
|
|
n.a. Not
available p
Preliminary r Revised
|
|
|
|
|
Indexes equal 100 in
2010
|
|
|
|
|
|
|
|
|
Source: The
Conference
Board
All Rights Reserved
|
|
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SOURCE The Conference Board