2014

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

BRUSSELS, Sept. 18, 2013 /PRNewswire/ -- The Conference Board Leading Economic Index® (LEI) for France increased 0.3 percent in July to 115.5 (2004 = 100), following a 0.1 percent decline in June, and a 0.5 percent increase in May.

At the same time, The Conference Board Coincident Economic Index® (CEI) for France, a measure of current economic activity, declined 0.1 percent in July to 103.8 (2004 = 100), following a 0.1 percent decline in June, and a 0.1 percent decline in May.

The LEI for France has increased in five out of the last seven months and its six-month growth rate remains in positive territory. Meanwhile, the CEI has been virtually flat over the past six months. Taken together, the recent behavior of the composite indexes suggests that the recovery in economic activity will likely continue in the near term, though at a modest pace.

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.

Summary Table of Composite Indexes

 


2013


6-month


May

Jun

Jul 


Jan to Jul

Leading Economic Index (LEI)

115.3

p

115.2

p

115.5

p




   Percent Change

0.5

p

-0.1

p

0.3

p


1.2

p

   Diffusion

78.6


64.3


64.3



71.4












Coincident Economic Index (CEI)

104.0

 r

103.9

p

103.8

p




   Percent Change

-0.1

 r

-0.1

p

-0.1

p


-0.1

p

   Diffusion

12.5


37.5


12.5



62.5












n.a. Not available      p Preliminary      r Revised

Indexes equal 100 in 2004

Source: The Conference Board      All Rights Reserved

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