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LEI for Australia Inched Up in May
The Conference Board Leading Economic Index® (LEI) for Australia increased by 0.2 percent in May 2024 to 113.5 (2016=100), only partially offsetting a 0.4 percent decrease in May (according to downwardly revised data). Overall, the LEI fell by 1.7 percent from November 2023 to May 2024, a faster rate of contraction than the 0.7 percent decline over the previous six months. The Conference Board Coincident Economic Index® (CEI) for Australia remained unchanged in May 2024 at 115.4 (2016=100), after being also unchanged in April. Overall, the CEI grew by 0.5 percent from November 2023 to May 2024, after increasing by ... (full story)
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- Posted: Jul 19, 2024 10:32am
- Submitted by:Category: Low Impact Breaking NewsComments: 0 / Views: 2,794
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