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Conference Board LEI for Australia Declined
November 20, 2015 | The Conference BoardEstimated reading time: 2 minutes
With the 0.1 percent decrease in September, The Conference Board LEI for Australia now stands at 103.5 (2010=100). Based on revised data, this index declined 0.4 percent in August and increased 0.4 percent in July. During the six-month period through September, the leading economic index decreased 0.9 percent, and three of the seven components increased (diffusion index, six-month span equals 42.9 percent).
COINCIDENT INDICATORS. Three of the four components that make up The Conference Board CEI for Australia increased in September. The increases — in order from the largest positive contributor to the smallest – occurred in household gross disposable income*, retail trade, and industrial production*. Employed persons was unchanged in September.
With the increase of 0.2 percent in September, The Conference Board CEI for Australia now stands at 109.2 (2010=100). Based on revised data, this index increased 0.4 percent in August and increased 0.3 percent in July. During the six-month period through September, the coincident economic index increased 1.1 percent, with three of the four components increasing (diffusion index, six-month span equals 75.0 percent).
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