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LEI for Australia Declined in April
The Leading Economic Index provides an early indication of significant turning points in the business cycle and where the economy is heading in the near term. The Coincident Economic Index provides an indication of the current state of the economy. Additional details are below. The Conference Board Leading Economic Index® (LEI) for Australia, declined moderately by 0.2 percent in April 2023 to 118.4 (2016=100), following a 0.2 percent decrease in March, based on revised data. The LEI decreased by 1.3 percent from October 2022 to April 2023, an accelerated rate of decline from the 0.1 percent contraction over the ... (full story)