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

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SOURCE The Conference Board

NEW YORK, July 16, 2014 /PRNewswire/ -- The Conference Board Leading Economic Index® (LEI) for Australia increased 0.2 percent in May to 129.7 (2004 = 100), following a 0.2 percent decline in April, and a 0.2 percent increase in March.

At the same time, The Conference Board Coincident Economic Index® (CEI) for Australia, a measure of current economic activity, was unchanged in May at 125.1 (2004 = 100), following a 0.2 percent increase in April, and a 0.2 percent increase in March.

The Conference Board LEI for Australia edged up slightly in May, but has been relatively flat in the past three months. As a result, its six-month growth rate has moderated in recent months compared to the second half of 2013. Meanwhile, the six-month growth rate of the CEI for Australia has been relatively stable. Taken together, the recent behavior of the composite indexes suggests that economic expansion is unlikely to gain momentum 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


Mar

Apr

May 

Nov to May






Leading Economic Index

129.7 p

 129.5 p

 129.7 p


  Percent Change

 0.2 p

 -0.2 p

 0.2 p

2.1

  Diffusion

64.3

71.4

71.4

85.7






Coincident Economic Index  

 124.9 p

125.1 p

 125.1 p


  Percent Change

 0.2 p

 0.2 p

 0.0 p

1.4

  Diffusion

100.0

75.0

62.5

100.0


n.a. Not available                  p Preliminary              r Revised

Indexes equal 100 in 2004

Source: The Conference Board                      All Rights Reserved

 

©2012 PR Newswire. All Rights Reserved.

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