Leading Economic Index For Australia Rises

Feb. 8, 2005
The Conference Board's leading economic index for Australia rose five-tenths of a percentage point to 155.3 (1990=100) in November 2004, the most recent month for which data are available. The increase, although impressive, brings the annual growth ...

The Conference Board's leading economic index for Australia rose five-tenths of a percentage point to 155.3 (1990=100) in November 2004, the most recent month for which data are available.

The increase, although impressive, brings the annual growth rate of the leading index to about 3.5% in recent months, still below the 5% to 6% annual rate of the first half of 2004, says the New York-based business research group.

As far as GDP is concerned, "the stronger growth of the leading index in recent months suggests that economic growth should pick up in the near term, but not back up to the very strong pace in the second half of 2003," says the Conference Board.

Popular Sponsored Recommendations

Four Common OT Cybersecurity Pitfalls for Manufacturers

April 4, 2023
For the last six years, Dragos has leveraged their Professional Services team to develop an on-the-ground understanding of the realities facing the industrial community and to...

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...

How Manufacturers Can Optimize Operations with Weather Intelligence

Nov. 2, 2023
The bad news? Severe weather has emerged as one of the biggest threats to continuity and safety in manufacturing. The good news? The intelligence solutions that build weather ...

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...

Voice your opinion!

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