Google has launched a new tool: Page Speed Online, an analysis tool in Google Labs. Page Speed Online analyzes the content of a web page, then generates suggestions to make that page faster. Reducing page load times can reduce bounce rates and increase conversion rates.

In a statement released on Google Webmastercentral blog, Google stated that:
Page Speed Online now allows you to easily analyze and optimize your site for mobile performance. The mobile recommendations are tuned for the unique characteristics of mobile devices, and contain several best practices that go beyond the recommendations for desktop browsers, in order to create a faster mobile experience.

New mobile-targeted best practices include eliminating uncacheable landing page redirects and reducing the amount of JavaScript parsed during the page load, two common issues that slow down mobile pages today.

The tool analyzes any URL, gives it a grade (on a score of 0-100) and then offers a potentially long list of ways to make the page faster. The suggestions are divided into High, Medium and Low priority. The test, appropriately, runs in a matter of seconds.