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Developing a composite index of economic activity for Australia

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  • Chindamo, Phillip

Abstract

This Economics Research Note outlines the development of a monthly Ai Group 'composite' index of economic activity for Australia. A simple weighted composite index is outlined, covering the three Ai Group performance indices as well proxies for the rural and mining sectors using available monthly data. This simple index shows that the economy has been generally in a slight contractionary phase in recent months, consistent with benign recent official data on the Australian economy.

Suggested Citation

  • Chindamo, Phillip, 2012. "Developing a composite index of economic activity for Australia," MPRA Paper 36045, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:36045
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    File URL: https://mpra.ub.uni-muenchen.de/36045/1/MPRA_paper_36045.pdf
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    References listed on IDEAS

    as
    1. Harding, Don & Song, Lei Lei & Tran, Duy, 2001. "Evaluation of the Australian Industry Group / PricewaterhouseCoopers - Performance of Manufacturing Index (Ai-PMI)," MPRA Paper 3697, University Library of Munich, Germany.
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      More about this item

      Keywords

      Business indices;

      JEL classification:

      • E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles

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