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LEI for Australia Inched Up in January
The Conference Board Leading Economic Index® (LEI) for Australia increased by 0.2 percent in January 2024 to 116.2 (2016=100), after a 0.4 percent increase in December 2023. Overall, the LEI grew by 0.3 percent from July 2023 to January 2024, a significant improvement after the contraction of 2.6 percent over the previous six months. The Conference Board Coincident Economic Index® (CEI) for Australia increased by 0.1 percent in January 2024 to 114.8 (2016=100), after a decrease of 0.2 percent in December 2023. The CEI grew by 0.3 percent from July 2023 to January 2024, slightly smaller than the 0.8 percent gain ... (full story)