NEW YORK, June 19, 2017 /PRNewswire/ -- The Conference
Board Leading Economic Index® (LEI) for Australia increased 0.5 percent in
April 2017 to 110.0 (2010=100).
The Conference Board Coincident Economic Index® (CEI) for
Australia increased 0.2 percent in
April 2017 to 111.2 (2010=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 2017 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 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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SOURCE The Conference Board