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Australia Conference Board Leading Index

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ECO4AUCL:IND
-0.2
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The Conference Board: 'The composite economic indexes are the key elements in an analytic system designed to signal peaks and troughs in the business cycle. The leading and coincident economic indexes are essentially composite averages of several individual leading or coincident indicators. They are constructed to summarize and reveal common turning point patterns in economic data in a clearer and more convincing manner than any individual component - primarily because they smooth out some of the volatility of individual components.' 'The seven components of The Conference Board Leading Economic Index2) 47/64 for Australia include: Yield Spread, 10 year minus Policy Rate Share Prices, All Ordinaries Money Supply, M3 Rural Goods Exports Sales to Inventory Ratio Gross Operating Surplus, Private Non-Financial Corporations Building Approvals.' For more information including full press release and technical notes: {http://www.conference-board.org/data/bcicountry.cfm?cid=7}This index does not store any historical values on HP due to contractual obligations. Please see {ECOC <GO>} for a calendar of release dates or {CN <GO>} for related news tables.
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