Australia's Leading Index Gains A Half Point

Aug. 29, 2005
The Conference Board's leading economic index for Australia rose five-tenths of a percentage point in June, the most recent month for which data are available. The index, which now stands at 155.7 (1990=100), also increased in April and May. Adjusted ...

The Conference Board's leading economic index for Australia rose five-tenths of a percentage point in June, the most recent month for which data are available. The index, which now stands at 155.7 (1990=100), also increased in April and May.

Adjusted for inflation, Australia's GDP grew at an annual rate of 2.8% during the first quarter of this year, nearly twice its 2004 growth rate of 1.5%. "The current behavior of the leading index suggests that the economy should continue expanding in the near term," says the Conference Board, a New York-based business research group.

Popular Sponsored Recommendations

Empowering the Modern Workforce: The Power of Connected Worker Technologies

March 1, 2024
Explore real-world strategies to boost worker safety, collaboration, training, and productivity in manufacturing. Emphasizing Industry 4.0, we'll discuss digitalization and automation...

3 Best Practices to Create a Product-Centric Competitive Advantage with PRO.FILE PLM

Jan. 25, 2024
Gain insight on best practices and strategies you need to accelerate engineering change management and reduce time to market. Register now for your opportunity to accelerate your...

Transformative Capabilities for XaaS Models in Manufacturing

Feb. 14, 2024
The manufacturing sector is undergoing a pivotal shift toward "servitization," or enhancing product offerings with services and embracing a subscription model. This transition...

Shifting Your Business from Products to Service-Based Business Models: Generating Predictable Revenues

Oct. 27, 2023
Executive summary on a recent IndustryWeek-hosted webinar sponsored by SAP

Voice your opinion!

To join the conversation, and become an exclusive member of IndustryWeek, create an account today!