Global Business Cycle Indicators

Australia

Press Releases

Latest
Archive

Data

Data not available at this time.

Benchmark Revisions - January 2008

Latest Press Release

Please download related PDFs on the upper right corner of this page.

Released: Monday, November 17, 2014

The Conference Board Leading Economic Index® (LEI) for Australia declined 0.3 percent and The Conference Board Coincident Economic Index® (CEI) increased 0.2 percent in September.

  • The Conference Board LEI for Australia declined in September, with building approvals and share prices making the largest negative contributions. Between March and September 2014, the six-month growth rate of the leading economic index decreased 0.3 percent (about a ?0.6 percent annual rate), a reversal from its increase of 2.5 percent (about a 5.2 percent annual rate) over the previous six months. Additionally, the weaknesses among the leading indicators have become more widespread than the strengths in the recent months.
  • The Conference Board CEI for Australia, a measure of current economic activity, increased slightly in September. The coincident economic index grew 0.6 percent (about a 1.3 percent annual rate) in the six-month period through September 2014, down from 1.5 percent (about a 3.1 percent annual rate) in the previous six months. Meanwhile, real GDP increased at a 2.0 percent annual rate in the second quarter of 2014, down from 4.3 percent (annual rate) in the first quarter.
  • The Conference Board LEI for Australia decreased in September, for the second consecutive month and its six-month growth rate remains in negative territory. Meanwhile, the six-month growth rate of the CEI for Australia continues to moderate, and is considerably slower compared to six months ago. Taken together, the recent behavior of the composite indexes suggests that economic expansion should continue in the near term, but at a slow pace.

LEADING INDICATORS. Four of the seven components in The Conference Board LEI for Australia increased in September. The positive contributors to the index—in order from the largest positive contributor to the smallest—are money supply*, the yield spread, the sales to inventories ratio*, and rural goods exports. Building approvals, share prices and gross operating surplus* declined in September.

With the 0.3 percent decrease in September, The Conference Board LEI for Australia now stands at 128.6 (2004=100). Based on revised data, this index declined 0.1 percent in August and increased 0.6 percent in July. During the six-month period through September, the leading economic index decreased 0.3 percent, and three of the seven components increased (diffusion index, six-month span equals 42.9 percent).

COINCIDENT INDICATORS. Three of the four components in The Conference Board CEI for Australia increased in September. The increases—in order from the largest positive contributor to the smallest—occurred in retail trade, household gross disposable income* and industrial production*. Employed persons declined in September.

With the increase of 0.2 percent in September, The Conference Board CEI for Australia now stands at 125.6 (2004=100). Based on revised data, this index increased 0.2 percent in both August and July. During the six-month period through September, the coincident economic index increased 0.6 percent, with three of the four components in the series making positive contributions (diffusion index, six-month span equals 87.5 percent).

DATA AVAILABILITY. The data series used to compute The Conference Board Leading Economic Index® (LEI) for Australia and The Conference Board Coincident Economic Index® (CEI) for Australia reported in this release are those available “as of” 10 A.M. ET on November 14, 2014. Some series are estimated as noted below.

Series in The Conference Board LEI for Australia that are based on our estimates are sales to inventory ratio and gross operating surplus for private non-financial corporations, the implicit price index used to deflate rural goods exports and building approvals, and the CPI used to deflate money supply M3. Series in The Conference Board CEI for Australia that are based on our estimates are industrial production and household disposable income. CPI was used to deflate retail trade.

Professional Contacts at The Conference Board:

Indicator Program: indicators@conference-board.org

Media Contacts:

Carol Courter:
1 212 339 0232
carol.courter@conference-board.org

Jonathan Liu:
1 212 339 0257
Jonathan.liu@conference-board.org

©The Conference Board 2013. All data contained in this table are protected by United States and international copyright laws. The data displayed are provided for informational purposes only and may only be accessed, reviewed, and/or used in with the permission accordance of The Conference Board consistent with a subscriber or license agreement and the Terms of Use displayed on our website at www.conference-board.org. The data and analysis contained herein may not be used, redistributed, published, or posted by any means without express written permission from The Conference Board.

COPYRIGHT TERMS OF USE

All material on Our Sites are protected by United States and international copyright laws. You must abide by all copyright notices and restrictions contained in Our Sites.

You may not reproduce, distribute (in any form including over any local area or other network or service), display, perform, create derivative works of, sell, license, extract for use in a database, or otherwise use any materials (including computer programs and other code) on Our Sites ("Site Material"), except that you may download Site Material in the form of one machine readable copy that you will use only for personal, noncommercial purposes, and only if you do not alter Site Material or remove any trademark, copyright or other notice displayed on the Site Material. If you are a subscriber to any of the services offered on Our Sites, you may be permitted to use Site Material, according to the terms of your subscription agreement.

TRADEMARKS

"THE CONFERENCE BOARD," the TORCH LOGO, "THE CONFERENCE BOARD LEADING ECONOMIC INDEX", "THE CONFERENCE BOARD COINCIDENT ECONOMIC INDEX", and "THE CONFERENCE BOARD LAGGING ECONOMIC INDEX", and other logos, indicia and trademarks featured on Our Sites are trademarks owned by The Conference Board, Inc. in the United States and other countries ("Our Trademarks"). You may not use Our Trademarks in connection with any product or service that does not belong to us nor in any manner that is likely to cause confusion among users about whether we are the source, sponsor, or endorser of the product or service, nor in any manner that disparages or discredits us.

Violators of these rights will be prosecuted to the full extent of the law. Nothing herein shall restrict the use of the information by news journalists using the information in a legitimate news publication or periodical.

Download related PDFs

Technical Notes
Underlying detail, diffusion indexes, components, contributions and graphs

Press Release
With graph and summary table

StraightTalk®

Straight Talk November 2014

StraightTalk® Global Economic Outlook 2015: Are We Asleep at the Wheel?

From the Chief Economist

The U.S. economy could gain more strength over this winter

The U.S. growth momentum may pause in the fourth quarter, due to some special circumstances.

Read the article
Archives

  • Human Capital
  • Back to Top