The Conference Board Leading Economic Index® (LEI) for Australia declined 0.2 percent in June to 104.5 (2010 = 100), following a 0.2 percent increase in May, and a 0.3 percent decline in April.
At the same time, The Conference Board Coincident Economic Index® (CEI) for Australia, a measure of current economic activity, increased 0.2 percent in June to 108.5 (2010 = 100), following a 0.2 percent increase in May, and no change in April.
The Conference Board LEI for Australia decreased modestly in June but the strengths among its components remain more widespread than the weaknesses. The six-month growth rate of the LEI, while better compared to six months ago, has slowed in recent months. Meanwhile, the CEI for Australia continues to increase, and its six-month growth rate has remained relatively steady over the same time span. Taken together, the recent behavior of the composite indexes suggests that the current economic expansion should continue in the near term.
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