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LEI for Australia Jumped Up in November
The Conference Board Leading Economic Index® (LEI) for Australia increased by 0.7% in November 2024 to 113.1 (2016=100), following a 0.1% uptick in October. Furthermore, the LEI grew by 0.7% over the six-month period from May to November 2024, slightly reversing the 3.0% contraction over the previous six-month period between November 2023 and May 2024. The Conference Board Coincident Economic Index® (CEI) for Australia also increased by 0.3% in November 2024 to 117.0 (2016=100), after increasing by 0.2% in October. Overall, the CEI grew by 1.2% over the six-month period from May to November 2024, substantially ... (full story)