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LEI for Australia Decreased in August
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, decreased by 0.3 percent in August 2023 to 116.5 (2016=100), reversing an increase of 0.2 percent in July. The LEI fell by 1.9 percent from February to August 2023, an accelerated rate of decline from the contraction of 0.3 percent over the previous six-month period, between ... (full story)