The Conference Board Leading Economic Index® (LEI) for Australia increased 0.3 percent in July to 103.7 (2010 = 100), following a 0.3 percent decline in June, and a 0.2 percent decline in May.
At the same time, The Conference Board Coincident Economic Index® (CEI) for Australia, a measure of current economic activity, increased 0.2 percent in July to 108.4 (2010 = 100), following a 0.1 percent increase in June, and a 0.1 percent increase in May.
The Conference Board LEI for Australia increased in July after four months of declines. However, the six-month growth rate of the LEI has slowed in recent months and has dipped into negative territory. Meanwhile, the CEI for Australia continues to increase moderately, and its six-month growth rate has remained relatively steady. Taken together, the recent behavior of the composite indexes suggests that the current economic expansion should continue, though is likely to face headwinds in the near-term.
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