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LEI for Australia Increased in July
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, increased by 0.2 percent in July 2023 to 116.8 (2016=100), partially reversing a decline of 0.3 percent in June, based on revised data for the second quarter. Still, the LEI fell by 2.2 percent from January to July 2023, an accelerated rate of decline from the contraction of ... (full story)