The Conference Board Leading Economic Index® (LEI) for France Increased Slightly

Dec 18, 2015, 09:58 ET from The Conference Board

NEW YORK, Dec. 18, 2015 /PRNewswire/ -- NOTE: Next month's data release will incorporate annual benchmark revisions to the composite economic indexes, which bring them up-to-date with revisions in the source data. These revisions do not change the cyclical properties of the indexes. The indexes are updated throughout the year, but only for the previous six months. Data revisions that fall outside of the moving six-month window are not incorporated until the benchmark revision is made and the entire histories of the indexes are recomputed. As a result, the revised indexes, in levels and month-on-month changes, will not be directly comparable to those issued prior to the benchmark revision.

Beginning in January, we will no longer issue monthly Technical Notes and related documents for The Conference Board Leading Economic Index® for France. We will post the data tables on the website and the release time will continue to be 9:30 AM ET.

For more information, please visit our website at http://www.conference-board.org/data/bci.cfm or contact us at indicators@conference-board.org.

The Conference Board Leading Economic Index® (LEI) for France increased 0.2 percent in October to 113.0 (2010 = 100), following a 0.2 percent decline in September, and a 0.4 percent increase in August.

At the same time, The Conference Board Coincident Economic Index® (CEI) for France, a measure of current economic activity, increased 0.1 percent in October to 100.8 (2010 = 100), following no change in September, and a 0.1 percent increase in August.

The France LEI improved slightly in October but its six-month growth rate has moderated somewhat. Meanwhile, the CEI has been virtually flat throughout 2015 and its six-month growth has also slowed. Taken together, the recent behavior of the composite indexes suggests that economic growth is likely to continue at a moderate pace in the coming year.

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
Production Expectations
Ratio Deflator of Manufacturing Value Added to Unit Labor Cost

For more information including full press release and technical notes:
http://www.conference-board.org/data/bcicountry.cfm?cid=3

For more information about The Conference Board global business cycle indicators:
http://www.conference-board.org/data/bci.cfm

 

Summary Table of Composite Indexes




2015




6-month


Aug


Sep


Oct


Apr to Oct










Leading Economic Index (LEI)

113.0

p

112.8

p

113.0

p



  Percent Change

0.4

p

-0.2

p

0.2

p

1.2

p

  Diffusion

64.3


50.0


57.1


78.6











Coincident Economic Index (CEI)

100.7

p

100.7

p

100.8

p



  Percent Change

0.1

p

0.0

p

0.1

p

0.3

p

  Diffusion

87.5


87.5


62.5


100.0











n.a.  Not available     p  Preliminary     r  Revised







Indexes equal 100 in 2010









Source:  The Conference Board               All Rights Reserved

 

SOURCE The Conference Board



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