The Conference Board Leading Economic Index® (LEI) for France Increases
BRUSSELS, March 20, 2013 /PRNewswire/ — The Conference Board Leading Economic Index® (LEI) for France increased 0.5 percent in January to 114.4 (2004 = 100), following a 0.3 percent decrease in December, and a 0.5 percent increase in November.
At the same time, The Conference Board Coincident Economic Index® (CEI) for France, a measure of current economic activity, decreased 0.2 percent in January to 103.9 (2004 = 100), following a 0.1 percent increase in December, and no change in November.
The LEI for France improved slightly this month, and while the index has been volatile recently, its six-month growth rate remains in positive territory. However, the CEI for France has been declining for most of the past year and the weaknesses among the components are widespread. Taken together, the recent behavior of the composite indexes suggests that while economic growth is slightly negative, it may begin to slowly improve in the near term.
About The Conference Board Leading Economic Index® (LEI) for France
The composite economic indexes are the key elements in an analytic system designed to signal peaks and troughs in the business cycle. The leading and coincident economic indexes are essentially composite averages of several individual leading or coincident indicators. They are constructed to summarize and reveal common turning point patterns in economic data in a clearer and more convincing manner than any individual component – primarily because they smooth out some of the volatility of individual components.
The seven components of The Conference Board Leading Economic Index® for France include:
Yield Spread, 10 year minus Day-Day Loan
Stock Price SBF 250 Index
Building Permits, residential
New Unemployment Claims
Industrial New Orders
Ratio Deflator of Manufacturing Value Added to Unit Labor Cost
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For more information about The Conference Board global business cycle indicators:
About The Conference Board
The Conference Board is an independent business membership and research association working in the public interest. Our mission is unique: To provide the world’s leading organizations with the practical knowledge they need to improve their performance and better serve society. The Conference Board is a non-advocacy, not-for-profit entity holding 501 (c) (3) tax-exempt status in the United States. www.conference-board.org.
Summary Table of Composite Indexes 2012 2013 6-month ---- ---- Nov Dec Jan Jul to Jan 114.1 p 113.8 p 114.4 p Leading Economic Index (LEI) Percent Change 0.5 p -0.3 p 0.5 p 1.6 p Diffusion 64.3 50.0 78.6 57.1 Coincident Economic Index (CEI) 104.0 r 104.1 p 103.9 p Percent Change 0.0 0.1 p -0.2 p -0.5 p Diffusion 25.0 75.0 25.0 25.0 n.a. Not available p Preliminary r Revised Indexes equal 100 in 2004 Source: The Conference Board All Rights Reserved
SOURCE The Conference Board