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

NEW YORK, Jan. 27, 2014 /PRNewswire/ -- The Conference Board Leading Economic Index® (LEI) for Australia increased 0.2 percent in November to 126.5 (2004 = 100), following a 0.5 percent increase in October, and a 0.2 percent increase in September.

At the same time, The Conference Board Coincident Economic Index® (CEI) for Australia, a measure of current economic activity, increased 0.2 percent in November to 123.4 (2004 = 100), following a 0.2 percent increase in both October and September.

The LEI for Australia increased in November for the third consecutive month, but its six-month growth rate moderated slightly compared to the first half of 2013. Meanwhile, the CEI continued to rise, and its six-month growth has been fairly stable. Taken together, the relatively steady growth in both the LEI and CEI suggest that the current economic expansion will continue into the first half of 2014, but the pace of growth is unlikely to accelerate.

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

 

6-month


Sep

Oct

Nov

May to Nov









Leading Economic Index

125.6

p  

126.2

p  

126.5

p


   Percent Change  

0.2

p  

0.5

p  

0.2

p  

1.0

   Diffusion  

85.7


85.7


85.7


85.7









Coincident Economic Index 

122.9

p  

123.1

p  

123.4

p


   Percent Change  

0.2

p  

0.2

p  

0.2

p  

0.6

   Diffusion  

87.5


87.5


100.0


87.5









n.a. Not available    p Preliminary    r Revised

Indexes equal 100 in 2004

Source: The Conference Board      All Rights Reserved

 

SOURCE The Conference Board

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