The Conference Board Leading Economic Index® (LEI) for Australia Increases - kcentv.com - KCEN HD - Waco, Temple, and Killeen

The Conference Board Leading Economic Index® (LEI) for Australia Increases

Information contained on this page is provided by an independent third-party content provider. WorldNow and this Station make no warranties or representations in connection therewith. If you have any questions or comments about this page please contact pressreleases@worldnow.com.

SOURCE The Conference Board

NEW YORK, March 20, 2014 /PRNewswire/ -- The Conference Board Leading Economic Index® (LEI) for Australia increased 0.2 percent in January to 128.3 (2004 = 100), following a 0.9 percent increase in December, and a 0.3 percent increase in November.

At the same time, The Conference Board Coincident Economic Index® (CEI) for Australia, a measure of current economic activity, increased 0.2 percent in January to 123.7 (2004 = 100), following a 0.1 percent increase in December, and a 0.2 percent increase in November.

The Conference Board LEI for Australia has been on an upward trend since mid-2013, and as a result its six-month growth rate has improved considerably compared to the first half of last year. At the same time, The Conference Board CEI for Australia, a measure of current economic activity, has also been improving over the same time span. Taken together, the current behavior of the composite indexes suggests that economic expansion will continue in the near term.

About The Conference Board Leading Economic Index® (LEI) for Australia
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 seven components of The Conference Board Leading Economic Index® for Australia include:

Yield Spread, 10 year minus Policy Rate
Share Prices, All Ordinaries
Money Supply, M3
Rural Goods Exports
Sales to Inventory Ratio
Gross Operating Surplus, Private Non-Financial Corporations
Building Approvals

For more information including full press release and technical notes:
http://www.conference-board.org/data/bcicountry.cfm?cid=7

For more information about The Conference Board global business cycle indicators:
http://www.conference-board.org/data/bci.cfm

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.

Follow The Conference Board
Twitter | Facebook | LinkedIn


Summary Table of Composite Economic Indexes


2013

2014

6-month


Nov

Dec

Jan

Jul to Jan









Leading Economic Index  

127.0

r  

128.1

p  

128.3

p


   Percent Change  

0.3

r  

0.9

p  

0.2

p  

2.3

   Diffusion  

85.7


100.0


71.4


100.0









Coincident Economic Index  

123.3

r  

123.4

p  

123.7

p


   Percent Change  

0.2


0.1

p  

0.2

p  

0.8

   Diffusion  

87.5


75.0


100.0


100.0









n.a. Not available    p Preliminary    r Revised

Indexes equal 100 in 2004

Source: The Conference Board      All Rights Reserved

 

©2012 PR Newswire. All Rights Reserved.

  • Latest NewsMore>>

  • Korean War Monument Unveiled

    Korean War Monument Unveiled

    Saturday, April 19 2014 7:49 PM EDT2014-04-19 23:49:31 GMT
    (KCEN) -- Jesus Perez joined the Air Force in 1951 and went to Korea a year later, but he says many people overlook the war he fought. "A lot of people forget about this," Perez said. "You look at the history books and there's one little sentence. Not a paragraph. Just one little sentence."On Saturday morning, the Central Texas chapter of the Korean War Veterans Association set out to fix that with the unveiling of a new monument. It was an emotional moment that brought back memories for vete...More >>
    (KCEN) -- Jesus Perez joined the Air Force in 1951 and went to Korea a year later, but he says many people overlook the war he fought. "A lot of people forget about this," Perez said. "You look at the history books and there's one little sentence. Not a paragraph. Just one little sentence."On Saturday morning, the Central Texas chapter of the Korean War Veterans Association set out to fix that with the unveiling of a new monument. It was an emotional moment that brought back memories for vete...More >>
  • Thousands of Hispanic Youth Descend on Waco for 50th Annual Congreso

    Thousands of Hispanic Youth Descend on Waco for 50th Annual Congreso

    Friday, April 18 2014 8:19 PM EDT2014-04-19 00:19:28 GMT
    (KCEN)-- More than 5,000 Hispanic Baptist youth are in Waco for 50th Annual Congreso. It's the largest annual gathering of Hispanic Baptist young people in the state of Texas. This is the sixth yearMore >>
    (KCEN)-- More than 5,000 Hispanic Baptist youth are in Waco for 50th Annual Congreso. It's the largest annual gathering of Hispanic Baptist young people in the state of Texas. This is the sixth yearMore >>
  • BBQ Joints and Backyard Grillers Feel the Heat of Rising Meat Prices

    BBQ Joints and Backyard Grillers Feel the Heat of Rising Meat Prices

    Friday, April 18 2014 6:31 PM EDT2014-04-18 22:31:15 GMT
    (KCEN) – If anyone knows BBQ, it's Roy Hamilton. The 79-year-old has been around it his entire life. It's who he is. His father started Maurice's Pit BBQ in Harker Heights back in 1951, and now the fingerMore >>
    As you get ready to dust off those grills, be prepared to pay more. Beef and pork prices are skyrocketing just in time for BBQ season.More >>
Powered by WorldNow
All content © Copyright 2000 - 2014 WorldNow and KCEN, Owned and Operated by London Broadcasting Company. All Rights Reserved. For more information on this site, please read our Privacy Policy and Terms of Service.