From the Wires
The Conference Board Leading Economic Index® (LEI) for Australia Declines
By: PR Newswire
Feb. 19, 2013 06:00 PM
NEW YORK, Feb. 19, 2013 /PRNewswire/ -- The Conference Board Leading Economic Index® (LEI) for Australia declined 0.1 percent in December to 121.8 (2004 = 100), following a 0.2 percent decrease in November, and a 0.2 percent increase in October.
At the same time, The Conference Board Coincident Economic Index® (CEI) for Australia, a measure of current economic activity, was unchanged in December to 121.6 (2004 = 100), following a 0.1 percent increase in November and no change in October.
The LEI for Australia continued to fall in December, and has declined in five of the last six months. As a result, its six-month change remains negative and has deepened since the middle of the year. Meanwhile, the CEI continued its essentially flat trend through December, and its rate of growth has also decelerated from the first half of 2012. Taken together, the composite indexes and their components continue to suggest that the pace of economic growth is likely to slow in the near term.
About The Conference Board Leading Economic Index® (LEI) for Australia
The seven components of The Conference Board Leading Economic Index® for Australia include:
Yield Spread, 10 year minus Policy Rate
For more information including full press release and technical notes:
For more information about The Conference Board global business cycle indicators:
About The Conference Board
SOURCE The Conference Board
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