A bit of a catch-uo, this was out a little earlier.
- Conference Board Leading Economic Index for Australia, April: -0.1%
- Coincident Economic Index +0.2 percent in April
Leading index:
- Five of the seven components increased in April
- Increases — in order from the largest positive contributor to the smallest — are the sales to inventories ratio*, the yield spread, money supply, gross operating surplus and share prices.
- Decreases were recorded in building approvals and rural goods exports
- +0.1 percent decrease in April (and,based on revised data, index increased 0.2 percent in March and increased 0.5 percent in February
- During the six-month period through April, the leading economic index increased 2.5 percent, and six of the seven components increased
Coincident index:
- Three of the four components increased in April
- Increases – in order from the largest positive contributor to the smallest – occurred in household gross disposable income, industrial production, and employed persons
- Retail trade was unchanged in April
- +0.2 percent in April (based on revised data, this index increased 0.3 percent in March and increased 0.4 percent in February)
- During the six-month period through April, the coincident economic index increased 1.6 percent, with all four components in the series making positive contributions
