BRUSSELS, Dec. 20, 2010 /PRNewswire/ -- The Conference Board Leading Economic Index® (LEI) for France increased 0.1 percent in October to 112.1 (2004 = 100), following a 0.8 percent increase in September, and a 0.9 percent increase in August.
At the same time, The Conference Board Coincident Economic Index® (CEI) for France, a measure of current economic activity, was unchanged in October, remaining at 104.3 (2004 = 100), following a 0.1 percent increase in September, and a 0.1 percent decline in August.
The Conference Board LEI for France remains on an upward trend that began in April 2009. However, its six-month growth rate has moderated from the very fast pace reached late last year. Meanwhile, The Conference Board CEI for France has increased slightly in 2010, though its six-month growth rate has slowed somewhat as well. Taken together, the behavior of the composite indexes suggests that economic activity should continue to grow moderately 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
Ratio Deflator of Manufacturing Value Added to Unit Labor Cost
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For more information about The Conference Board global business cycle indicators:
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
Apr. to Oct
Leading Economic Index (LEI)
Coincident Economic Index (CEI)
n.a. Not available p Preliminary r Revised
Indexes equal 100 in 2004
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SOURCE The Conference Board