The Conference Board Leading Economic Index for Australia down 0.1%
Coincident Economic Index up 0.4% in October
The 'prior' for the leading index has been revised lower to -0.3% (from -0.1%)
Leading indicators:
- Large negative contributions from the sales to inventories ratio component and rural goods exports
- Positive contribution from share prices (! .... remember, this is for back a few months)
- Between April and October 2015, the leading economic index decreased 1.3 percent (about a −2.7 percent annual rate), a reversal from the growth of 1.1 percent (about a 2.2 percent annual rate) over the previous six months
- The strengths among the leading indicators remain slightly more widespread than the weaknesses
- Four of the seven components increased in October (share prices, money supply, the yield spread, and gross operating surplus)
- Sales to inventories ratio* component, rural goods exports, and building approvals declined in October
Coincident indicator:
- Increased 1.4 percent (about a 2.8 percent annual rate) in the six-month period ending October 2015, moderately better than its growth of 1.2 percent (about a 2.5 percent annual rate) over the previous six months
- All four components that make up The Conference Board CEI for Australia increased in October (employed persons, retail trade, household gross disposable income, and industrial production)
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AUD/USD not doing a real lot:
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.