Conference Board Leading Index for Australia, July
More from the report today:
LEI up 0.3%
- First up after 4 straight down months
- Five of the seven components that make up The Conference Board LEI for Australia increased in July
- Positive contributors to the index - in order from the largest positive contributor to the smallest - are share prices, money supply, building approvals, the yield spread, and gross operating surplus
- Rural goods exports and the sales to inventories ratio declined in July.
- Between January and July 2015, the leading economic index fell 0.5% percent (about a −0.9 percent annual rate), a reversal from the growth of 0.3 percent (about a 0.6 percent annual rate) over the previous six months
Coincident index +0.2% m/m
- 2 of 4 increased, employed persons and household gross disposable income
- retail trade and industrial production were unchanged in July
- +0.9% (about a 1.9 percent annual rate) in the six-month period ending July 2015, down slightly from growth of 1.1 percent (about a 2.3 percent annual rate) over the previous six months
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
