An Experimental Composite Leading Indicator of Australian Economic Activity

Describes the nature and construction of the composite leading indicator and explains how to interpret the CLI. The CLI is a single time series, produced by aggregating eight individual economic indicators. It is designed to help in detecting the turning points between the successive expansions and contractions of economic activity. The CLI has been developed to supplement existing forms of economic analysis and modelling. It does not attempt to forecast the level of economic activity.