Australia CB Leading Index up by 0.5%

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Monday, Aug 21 2017

Australia CB Leading Index up by 0.5%

The Conference Board Leading Economic Index (LEI) for Australia increased 0.5 percent in June 2017 to 110.6 (2010=100). The Conference Board Coincident Economic Index (CEI) for Australia increased 0.3 percent in June 2017 to 112.0 (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.

More in this category: « Brexit: UK publishes more EU negotiation plans AUD: Warning Signs From Iron Ore & China's Real Estate Slowdown - Barclays »

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