The Conference Board Leading Economic Index® (LEI) for Australia increased 0.3 percent in February to 128.6 (2004 = 100), following a 0.2 percent increase in January, and a 0.9 percent increase in December.
At the same time, The Conference Board Coincident Economic Index® (CEI) for Australia, a measure of current economic activity, increased 0.4 percent in February to 124.2 (2004 = 100), following a 0.2 percent increase in January, and a 0.1 percent increase in November.
The Conference Board LEI for Australia has been rising since September 2013, and its six-month growth rate has picked up in recent months. At the same time, The Conference Board CEI for Australia has been increasing as well, and its six-month growth rate has continued to improve. Taken together, the current behavior of the composite indexes suggests that economic expansion will continue in the near term, and the pace of growth in unlikely to slow in the near term.
