Composite Leading Indicators: Composite Leading Indicator (CLI) Trend Restored for Australia
AUSLOLITOTRSTSAM • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
119.09
Year-over-Year Change
0.69%
Date Range
2/1/1966 - 8/1/2023
Summary
The Composite Leading Indicator (CLI) Trend Restored for Australia measures changes in economic activity and helps predict future economic trends in the country.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The CLI Trend Restored for Australia is a leading economic indicator that provides insights into the future direction of the Australian economy. It is used by policymakers, analysts, and businesses to anticipate economic shifts and inform decision-making.
Methodology
The data is calculated by the OECD using a composite index of several key economic variables.
Historical Context
This indicator is widely monitored for its potential to signal turning points in the Australian business cycle.
Key Facts
- The CLI Trend Restored for Australia is a composite index of 7 economic variables.
- This indicator aims to predict changes in the Australian economy 6-9 months in advance.
- Australia's CLI reached a low point during the COVID-19 pandemic but has since recovered.
FAQs
Q: What does this economic trend measure?
A: The Composite Leading Indicator (CLI) Trend Restored for Australia measures changes in economic activity and helps predict future economic trends in the country.
Q: Why is this trend relevant for users or analysts?
A: This indicator is widely used by policymakers, analysts, and businesses to anticipate economic shifts and inform decision-making in Australia.
Q: How is this data collected or calculated?
A: The data is calculated by the OECD using a composite index of several key economic variables.
Q: How is this trend used in economic policy?
A: The CLI Trend Restored for Australia is closely monitored for its potential to signal turning points in the Australian business cycle, which is relevant for economic policymaking.
Q: Are there update delays or limitations?
A: The CLI Trend Restored for Australia data is published regularly by the OECD, with some potential for minor delays in data availability.
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Citation
U.S. Federal Reserve, Composite Leading Indicators: Composite Leading Indicator (CLI) Trend Restored for Australia (AUSLOLITOTRSTSAM), retrieved from FRED.