The Conference Board Leading Economic Index(R) (LEI) for France
Remains Unchanged
PR Newswire
BRUSSELS, Aug. 22, 2014
BRUSSELS, Aug. 22, 2014 /PRNewswire/ -- The Conference Board
Leading Economic Index(R) (LEI) for France was unchanged in June,
remaining at 117.7 (2004 = 100), following a 0.2 percent decline in
May, and no change in April.
At the same time, The Conference Board Coincident Economic
Index(R) (CEI) for France, a measure of current economic activity,
increased 0.1 percent in June to 103.7 (2004 = 100), following no
change in May, and no change in April.
The Conference Board LEI for France has been virtually unchanged
in the first half of this year, and its six-month growth rate,
while much slower compared to six months ago, remains slightly
positive. Meanwhile, the CEI has been relatively flat for over two
years, and its six-month growth rate remains marginally above zero.
Taken together, the recent behavior of the composite indexes
suggests that the pace of economic activity in France is not likely
to change much in the months ahead.
About The Conference Board Leading Economic Index(R) (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(R) 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.
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Summary Table of Composite Indexes
2014 6-month
----------------------
Apr May Jun Dec to Jun
Leading Economic Index (LEI) 117.9 p117.7 p117.7 p
Percent Change 0.0 p -0.2 p 0.0 p 0.2 p
Diffusion 71.4 57.1 50.0 28.6
Coincident Economic Index
(CEI) 103.6 p103.6 p103.7 p
Percent Change 0.0 p 0.0 p 0.1 p 0.1 p
Diffusion 62.5 37.5 87.5 37.5
n.a. Not available p Preliminary r Revised
Indexes equal 100 in 2004
Source: The Conference Board All Rights Reserved
SOURCE The Conference Board
/Web site: http://www.conference-board.org