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

NEW YORK, April 11, 2013 /PRNewswire/ --The Conference Board Leading Economic Index® (LEI) for Japan increased 1.0 percent in February to 93.8 (2004 = 100), following a 0.8 percent increase in January, and a 0.2 percent increase in December.

At the same time, The Conference Board Coincident Economic Index® (CEI) for Japan, a measure of current economic activity, increased 0.2 percent in February to 96.7 (2004 = 100), following a 0.3 percent increase in January, and no change in December.

The Conference Board LEI for Japan increased in February for the third consecutive month, and its six-month growth has turned positive for the first time since May 2012. At the same time, The Conference Board CEI for Japan also increased in February, and its six-month change also moved into positive territory. Taken together, the recent improvements in both the LEI and CEI suggest that the current economic expansion is likely to continue, and that the pace of expansion may even pick up slightly in the coming months.

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



 

2012


2013

6-month


Dec

Jan

Feb

Aug to Feb

Leading Economic index (LEI)

92.2 p

92.9 p

93.8 p


     Percent Change

0.2 p

0.8 p

1.0 p

1.1 p

     Diffusion

60.0

70.0

80.0

70.0






Coincident Economic Index (CEI)

96.2 p

96.5 p

96.7 p


     Percent Change

0.0 p

0.3 p

0.2 p

0.2 p

     Diffusion

50.0

75.0

75.0

50.0






n.a. Not available           p Preliminary           r Revised

Indexes equal 100 in 2004

Source: The Conference Board           All Rights Reserved

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