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LEI for Australia Increased Slightly in May
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, ticked up by 0.1 percent in May 2023 to 118.5 (2016=100), following a 0.3 percent decrease in April. The LEI fell by 1.7 percent from November 2022 to May 2023, an accelerated rate of decline after holding steady over the previous six-month period between May and November 2022. ... (full story)