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

Aug 13, 2015, 21:00 ET from The Conference Board

NEW YORK, Aug. 13, 2015 /PRNewswire/ -- The Conference Board Leading Economic Index® (LEI) for Japan increased 0.4 percent in June to 103.0 (2010 = 100), following a 0.2 percent decline in May, and no change in April.

At the same time, The Conference Board Coincident Economic Index® (CEI) for Japan, a measure of current economic activity, increased 0.6 percent in June to 98.3 (2010 = 100), following a 0.2 percent decline in May, and a 0.1 percent decline in April.

The Conference Board LEI for Japan increased in June after being on a gradual downward trend since the beginning of the year. However, its six-month growth rate remains in negative territory. The CEI also improved, and its six-month growth rate is now in positive territory. Taken together, the recent behavior of both indexes suggests that the growth in economic activity should continue, but is unlikely to gain momentum in the short-term.

About The Conference Board Leading Economic Index® (LEI) for Japan
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 ten components of The Conference Board Leading Economic Index® for Japan include:

Operating Profits 
Dwelling Units Started 
Business Failures
Index of Overtime Worked
Stock Prices (TOPIX)
Six-Month Growth Rate of Labor Productivity
Tankan Business Conditions Survey
Money Supply
Yield Spread
New Orders for Machinery and Construction

For more information including full press release and technical notes:
http://www.conference-board.org/data/bcicountry.cfm?cid=5

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 Economic Indexes


2015


6-month



Apr


May


Jun


Dec to Jun











Leading Economic Index (LEI)

102.8

p

102.6

p

103.0

p



  Percent Change

0.0

p

-0.2

p

0.4

p

-0.5

p

  Diffusion

50.0


45.0


80.0


60.0











Coincident Economic Index (CEI)

97.9

p

97.7

p

98.3

p



  Percent Change

-0.1

p

-0.2

p

0.6

p

0.3

p

  Diffusion

62.5


25.0


100.0


62.5











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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