Global Leading Indicators

For Release 10:30 AM ET, February 12, 2026

Using the Composite Indexes: The Leading Economic Index (LEI) provides an early indication of significant turning points in the business cycle and where the economy is heading in the near term. The Coincident Economic Index (CEI) provides an indication of the current state of the economy. Additional details are below.

The Conference Board Leading Economic Index^® (LEI) for Australia increased by 0.3% in December 2025 to 116.4 (2016=100), following the same increase in November. Over the second half of 2025, the LEI expanded by 1.7%, accelerating from 0.4% over the previous six-month period during the first half of the last year.

The Conference Board Coincident Economic Index^® (CEI) for Australia also grew by 0.3% in December 2025 to 119.0 (2016=100), following an increase of 0.2% in November. Overall, the CEI expanded by 0.8% during the second half of 2025, a tad higher compared to 0.7% over the H1 of 2025.

The next release is scheduled for Tuesday, March 17, 2026, at 10:30 A.M. ET.

The Australia LEI rose again in December

Most components of the Australia LEI showed an improving trend in the second half of 2025

About The Conference Board Leading Economic Index® (LEI) and Coincident Economic Index® (CEI) for Australia

The composite economic indexes are key elements in an analytic system designed to signal peaks and troughs in the business cycle. Comprised of multiple independent indicators, the indexes are constructed to summarize and reveal common turning points in the economy in a clearer and more convincing manner than any individual component.

The CEI reflects current economic conditions and is highly correlated with real GDP. The LEI is a predictive tool that anticipates—or “leads”—turning points in the business cycle by around seven months.

The seven components of Leading Economic Index® for Australia are:

• Yield Spread, 10Y – Policy Rate
• Share Prices, All Ordinaries S&P/ASX 200
• Money Supply, M3
• Building Approvals
• Rural Goods Exports
• Non-Farm Sector, Sale to Inventories Ratio
• Gross Operating Surplus, Private Non-Financial Corp.

The four components of the Coincident Economic Index® for Australia are:

• Employment
• Household Income
• Industrial Production
• Retail Trade

To access data, please visit: https://data-central.conference-board.org/

About The Conference Board

The Conference Board is the member-driven think tank that delivers Trusted Insights for What’s Ahead^®®. Founded in 1916, we are a non-partisan, not-for-profit entity holding 501 (c) (3) tax-exempt status in the United States. TCB.org