BRUSSELS, Oct. 22 /PRNewswire/ --The Conference Board Leading Economic Index® (LEI) for Germany increased 0.7 percent in August to 105.9 (2004 = 100), following a 1.1 percent increase in July, and a 0.5 percent increase in June.
At the same time, The Conference Board Coincident Economic Index® (CEI) for Germany, a measure of current economic activity, increased 0.2 percent in August to 104.2 (2004 = 100), following no change in July, and a 0.1 percent increase in June.
The Conference Board LEI for Germany has been increasing since April 2009. Its six-month growth rate has picked up in recent months, but it remains below its September 2009 peak. Meanwhile, The Conference Board CEI for Germany, a measure of current economic activity, has been increasing steadily since May 2009, with its six-month growth rate remaining fairly stable. Taken together, the recent behavior of the composite indexes suggests that economic activity should continue expanding in the near term.
About The Conference Board Leading Economic Index® (LEI) for Germany
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 Germany include:
New Orders, Investment Goods
Yield Spread cumulated, 10 year minus 3 month
Change in Inventories
Gross Enterprise and Property Income
New Orders, Residential Construction
Consumer Confidence Index
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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
Feb to Aug
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