Global Leading Indicators

The Conference Board Leading Economic Index^®(LEI) for Australia increased by 0.4 percent in April 2022 to 118.9 (2016=100), following a 0.3 percent increase in March. The LEI grew by 0.2 percent in the six-month period from October 2021 to April 2022.

The Conference Board Coincident Economic Index^® (CEI) for Australia increased by 0.2 percent in April 2022 to 111.8 (2016=100), following a 0.2 percent increase in March. The CEI grew by 3.0 percent in the six-month period between October 2021 and April 2022.

“The LEI for Australia increased again in April suggesting the economic outlook could improve in the near term,” said Ataman Ozyildirim, Senior Director of Economic Research at The Conference Board. “While high energy prices, disruptions to global supply chains, and tightening monetary policy around the world are creating headwinds to global growth, the Australian economy may benefit from rising commodity prices which could help the economy to weather the challenges ahead.”

The Australia LEI suggests growth may improve in the short-term 

The trajectory of the Australia LEI slowed recently, but still points to growth in 2022

About The Conference Board Leading Economic Index^® (LEI) Australia: The composite economic indexes are the key elements in an analytic system designed to signal peaks and troughs in the business cycle. 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 is highly correlated with real GDP. The LEI is a predictive variable that anticipates (or “leads”) turning points in the business cycle by approximately 7 months. Shaded areas denote recession periods or economic contractions. The dates above the shaded areas show the chronology of peaks and troughs in the business cycle.

The seven components of The Conference Board Leading Economic Index® for Australia include: Yield Spread, Share Prices, M3 Money Supply, Building Approvals, Rural Goods Exports, Sales to Inventories Ratio, and Gross Operating Surplus.

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

About The Conference Board

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