NEW YORK, Oct. 7 /PRNewswire/ -- The Conference Board Leading Economic Index® (LEI) for Japan increased 0.2 percent in August to 101.8 (2004 = 100), following a 0.1 percent increase in July, and a 1.4 percent decline in June.
At the same time, The Conference Board Coincident Economic Index® (CEI) for Japan, a measure of current economic activity, increased 0.2 percent in August to 100.0 (2004 = 100), following a 0.5 percent increase in July, and a 0.3 percent increase in June.
The Conference Board LEI for Japan increased slightly in the past two months, but its six-month growth rate has continued to fall at a rapid pace. In addition, the six-month growth rate in The Conference Board CEI for Japan has also slowed this year. Taken together, the behavior of the composite indexes suggests that the economic recovery should continue, but its pace will likely remain modest in the near 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:
Dwelling Units Started
Index of Overtime Worked
Stock Prices (TOPIX)
Six-Month Growth Rate of Labor Productivity
Tankan Business Conditions Survey
New Orders for Machinery and Construction
For more information including full press release and technical notes:
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.
SOURCE The Conference Board