A composite index used to forecast short to mid-term growth in the Australian economy. Changes in the indicators selected are thought to precede developments in the economy as a whole. Therefore, an increase in the index forecasts economic expansion while a decrease in the index projects a future contraction.

The Conference Board of Australia considers eight indicators in the calculation of the index: money supply, share prices, rural goods exports, building approvals, sales to inventories ratio, gross operating surplus, yield spread, and medium-term government bond yields. The index is calculated as a percent change off a base year; headlines report the figure in a percent change from the previous month.

Relevance : Moderate market impact
Release Schedule : 0:00 (GMT); monthly, third week of the following month.
Revisions Schedule : Subject to revisions
Source of Report : The Conference Board
Web Address : http://www.conference-board.org/
Address of Release : http://www.conference-board.org/economics/bci/press_archive.cfm?cid=7