From the Conference Board, the leading and coincident indexes for Australia, March
Conference Board Leading Economic Index for Australia declined 0.1%
- Decline comes after three consecutive months of gains
- Between September 2014 and March 2015, the leading economic index increased 1.1 percent (about a 2.1 percent annual rate), a reversal its contraction of 1.3 percent (about a −2.7 percent annual rate) over the previous six months
- Additionally, the strengths among the leading indicators have remained more widespread than the weaknesses in recent months
- The six-month growth rate of the LEI has improved considerably over recent months
Coincident Economic Index+0.5%
- Coincident economic index increased 1.8 percent (about a 3.6 percent annual rate) in the six-month period ending March 2015, up from 0.6 percent (about a 1.1 percent annual rate) over the previous six months
- The six-month growth rate is much improved from six months ago
"Taken together, the recent behavior of the composite indexes suggests that the current economic expansion will continue in the near term."
