BRUSSELS, Feb. 22, 2013 /PRNewswire/ -- The Conference Board Leading Economic Index® (LEI) for Germany increased 0.5 percent in December to 103.5 (2004 = 100), following a 0.1 percent decline in November and a 0.5 percent increase in October.
At the same time, The Conference Board Coincident Economic Index® (CEI) for Germany, a measure of current economic activity, declined 0.1 percent in December to 106.6 (2004 = 100), following no change in November, and a 0.3 percent decline in October.
Though the LEI for Germany has increased in two of the past three months, its six-month growth rate remains in negative territory. Meanwhile, the CEI for Germany has mostly declined since July. Taken together, the recent behavior of the composite indexes suggests that the German economy is likely to remain weak in the near term.
About The Conference Board Leading Economic Index® (LEI) for Germany
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 Germany include:
New Orders, Investment Goods
Yield Spread cumulated, 10 year minus 3 month
Change in Inventories
Gross Enterprise and Property Income
Stock Prices
New Orders, Residential Construction
Consumer Confidence Index
About The Conference Board
The Conference Board is a global, 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.
For more information including full press release and technical notes:
http://www.conference-board.org/data/bcicountry.cfm?cid=4
For more information about The Conference Board global business cycle indicators:
http://www.conference-board.org/data/bci.cfm
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Summary Table of Composite Indexes | ||||||||
|
2012 |
6-month | |||||||
|
Oct |
Nov |
Dec |
Jun to Dec | |||||
|
Leading Economic Index (LEI) |
103.1 |
p |
103.0 |
p |
103.5 |
p |
||
|
Percent Change |
0.5 |
p |
-0.1 |
p |
0.5 |
p |
-0.2 |
p |
|
Diffusion |
85.7 |
57.1 |
71.4 |
42.9 |
||||
|
Coincident Economic Index (CEI) |
106.7 |
106.7 |
106.6 |
|||||
|
Percent Change |
-0.3 |
0.0 |
-0.1 |
-0.6 |
||||
|
Diffusion |
12.5 |
50.0 |
50.0 |
25.0 |
||||
|
n.a. Not available p Preliminary r Revised |
||||||||
|
Indexes equal 100 in 2004 |
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|
Source: The Conference Board All Rights Reserved |
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