Conference Board Leading Index for September
- The Conference Board Leading Economic Index (LEI) for Australia declined 0.1 percent
- Coincident Economic Index (CEI) increased 0.2 percent in September
LEI
- The strengths among the leading indicators have become less widespread than the weaknesses in recent months.
Four of the seven components 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, gross operating surplus*, and rural goods exports
- Share prices and building approvals declined, while the sales to inventories ratio remained unchanged in September.
LEI has declined in six of the last seven months
- The downward trend in the LEI combined with the slower growth rate of the CEI suggests that the current economic expansion will continue at a modest pace in the near-term, but downside risks may persist.
CEI
- Improved in September for the fifth consecutive month
- Coincident economic index increased 1.1 percent (about a 2.2 percent annual rate) in the six-month period ending September 2015, moderately less than its growth of 1.4 percent (about a 2.8 percent annual rate) over the previous six months
Three of the four components increased in September
- Increases - in order from the largest positive contributor to the smallest - occurred in household gross disposable income, retail trade, and industrial production.
- Employed persons was unchanged in September.