NEW YORK, Oct. 22, 2019 /PRNewswire/ -- The
Conference Board Leading Economic Index® (LEI) for Australia increased 0.2 percent in
August 2019 to 107.4 (2016=100).
The Conference Board Coincident Economic Index® (CEI) for
Australia increased 0.2 percent in
August 2019 to 105.8 (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 here.
The 2019 data release schedule is available here.
For more information about The Conference Board global business
cycle indicators, click here.
About The Conference Board
The Conference Board is the
member-driven think tank that delivers trusted insights for what's
ahead. Founded in 1916, we are a non-partisan, not-for-profit
entity holding 501 (c) (3) tax-exempt status in the United States.
www.conference-board.org.
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SOURCE The Conference Board