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

Mar 18, 2011, 05:00 ET from The Conference Board

BRUSSELS, March 18, 2011 /PRNewswire/ -- The Conference Board Leading Economic Index® (LEI) for France increased 0.9 percent in January to 113.0 (2004 = 100), following a 0.9 percent increase in December, and a 0.2 percent decline in November.

At the same time, The Conference Board Coincident Economic Index® (CEI) for France, a measure of current economic activity, increased 0.1 percent in January to 104.4 (2004 = 100), following a 0.1 percent increase in December, and a 0.3 percent increase in November.

The Conference Board LEI for France has been on a general upward trend since April 2009, and its six-month growth rate has picked up since fall 2010. Meanwhile, The Conference Board CEI for France has been on an increasing trend since reaching a trough in August 2009, amid widespread strength among its components. Taken together, the behavior of the composite indexes suggests that economic activity should continue to grow, and could even pick up further 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.

Summary Table of Composite Indexes


2010

2011

6-month


Nov

Dec

Jan

Jul to Jan






Leading Economic Index (LEI)

111.0 p

112.0 p

113.0 p


Percent Change

-0.2 p

0.9 p

0.9 p

3.4 p

Diffusion

35.7

78.6

64.3

64.3






Coincident Economic Index (CEI)

104.2 r

104.3 p

104.4 p


Percent Change

0.3

0.1 p

0.1 p

0.5 p

Diffusion

75.0

87.5

75.0

75.0











n.a. Not available

p Preliminary

r Revised


Indexes equal 100 in 2004

Source: The Conference Board

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SOURCE The Conference Board



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