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NEW YORK, Dec. 17, 2018 /PRNewswire/ — The Conference Board Leading Economic Index® (LEI) for Australia decreased 0.5 percent in October 2018 to 105.3 (2016=100).
The Conference Board Coincident Economic Index® (CEI) for Australia increased 0.2 percent in October 2018 to 104.0 (2016=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 2018 data release schedule is available here.
For more information about The Conference Board global business cycle indicators, click here.
NOTE: Next month’s data release will incorporate annual benchmark revisions to the composite economic indexes, which bring them up-to-date with revisions in the source data. These revisions do not change the cyclical properties of the indexes. The indexes are updated throughout the year, but only for the previous six months. Data revisions that fall outside of the moving six-month window are not incorporated until the benchmark revision is made and the entire histories of the indexes are recomputed. As a result, the revised indexes, in levels and month-on-month changes, will not be directly comparable to those issued prior to the benchmark revision. For more information, please visit our website at http://www.conference-board.org/data/bci.cfm or contact us at firstname.lastname@example.org.
About The Conference Board
The Conference Board is a member-focused think tank that provides trusted insights for what’s ahead. We are a non-partisan, not-for-profit entity holding 501 (c) (3) tax-exempt status in the United States. http://www.conference-board.org.
SOURCE The Conference Board