2014

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

BRUSSELS, July 19, 2013 /PRNewswire/ -- The Conference Board Leading Economic Index® (LEI) for France increased 0.5 percent in May to 115.3 (2004 = 100), following a 0.5 percent decline in April, and a 0.6 percent increase in March.

At the same time, The Conference Board Coincident Economic Index® (CEI) for France, a measure of current economic activity, was unchanged in May, remaining at 104.1 (2004 = 100), following a 0.2 percent increase in April, and a 0.1 percent decline in March.

The LEI for France has increased in four out of five months in 2013, and as a result its six-month growth rate continues to increase. Meanwhile, the CEI has been relatively flat over the past six months. Taken together, the recent behavior of the composite indexes suggests that economic activity may slowly begin to recover 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 
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

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.

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Summary Table of Composite Indexes


2013

6-month


Mar

Apr

May

Nov to May










Leading Economic Index (LEI)

115.3

p  

114.7

p  

115.3

p



   Percent Change  

0.6

p  

-0.5

p  

0.5

p  

1.6

p

   Diffusion  

57.1


21.4


78.6


57.1











Coincident Economic Index (CEI)  

103.9

p  

104.1

p  

104.1

p



   Percent Change  

-0.1

p  

0.2

p  

0.0

p  

0.2

p

   Diffusion  

37.5


87.5


62.5


50.0











n.a. Not available    p Preliminary    r Revised

Indexes equal 100 in 2004

Source: The Conference Board      All Rights Reserved

 

SOURCE The Conference Board



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