Australian CB Leading Index rose by 0.5%

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Monday, May 22 2017

Australian CB Leading Index rose by 0.5%

The Conference Board Leading Economic Index® (LEI) for Australia increased 0.5 percent in March 2017 to 108.9. The Conference Board Coincident Economic Index® (CEI) for Australia increased 0.3 percent in March 2017 to 111.0.

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.

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