Australia – Conference Board Leading Economic Index (October): -0.2% m/m via ForexLive

Australia –

Conference Board Leading Economic Index (LEI) -0.2% in October

• Decreased in October for the third consecutive month and during the six-month period through October, the leading economic index decreased 1.0 percent
• Weaknesses among the leading indicators have become more widespread than the strengths in the recent months

Coincident Economic Index +0.2 %

• All four components increased in October. The increases—in order from the largest positive contributor to the smallest—occurred in retail trade, household gross disposable income*, employed persons, and industrial production*
• The coincident economic index grew 0.8 percent (about a 1.6 percent annual rate) in the six-month period through October 2014, down from 1.4 percent (about a 2.8 percent annual rate) in the previous six months
• Its six-month growth rate has slowed compared to the first half of the year

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Taken together, the recent behavior of the composite indexes suggests that economic expansion should continue in the near term, but the pace is unlikely to pick up in early 2015

posted via ForexLive