Press Release: The Conference Board Leading Economic Index(R) (LEI) for Japan Increased
14 October 2015 - 2:30AM
Dow Jones News
The Conference Board Leading Economic Index(R) (LEI) for Japan
Increased
PR Newswire
NEW YORK, Oct. 13, 2015
NEW YORK, Oct. 13, 2015 /PRNewswire/ --The Conference Board
Leading Economic Index(R) (LEI) for Japan increased 0.2 percent in
August to 104.3 (2010 = 100), following a 0.2 percent decline in
July, and a 0.8 percent increase in June.
At the same time, The Conference Board Coincident Economic
Index(R) (CEI) for Japan, a measure of current economic activity,
declined 0.1 percent in August to 98.2 (2010 = 100), following a
0.2 percent decline in July, and a 0.6 percent increase in
June.
The Conference Board LEI for Japan increased in August after
declining in July. Its six-month growth rate has improved in recent
months, but is lower compared to the prior six months. The CEI
declined for the second straight month, and as a result its
six-month growth rate has been flat. Taken together, the recently
improved six-month growth and widespread strength in the LEI
suggests that the current economic contraction should ease in the
near-term.
About The Conference Board Leading Economic Index(R) (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(R) for Japan include:
Operating Profits
Dwelling Units Started
Business Failures
Index of Overtime Worked
Stock Prices (TOPIX)
Six-Month Growth Rate of Labor Productivity
Tankan Business Conditions Survey
Money Supply
Yield Spread
New Orders for Machinery and Construction
For more information including full press release and technical
notes:
http://www.conference-board.org/data/bcicountry.cfm?cid=5
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 Economic Indexes
2015 6-month
Jun Jul Aug Feb to Aug
Leading Economic Index (LEI) 104.3 p104.1 p104.3 p
Percent Change 0.8 p-0.2 p0.2 p1.1 p
Diffusion 90.0 60.0 80.0 80.0
Coincident Economic Index (CEI) 98.5 p98.3 p98.2 p
Percent Change 0.6 p-0.2 p-0.1 p0.0 p
Diffusion 100.0 50.0 37.5 37.5
n.a. Not
available p Preliminary r Revised
Indexes equal 100 in 2010
Source: The Conference Board All
Rights Reserved
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SOURCE The Conference Board
/Web site: http://www.conference-board.org
(END) Dow Jones Newswires
October 13, 2015 21:15 ET (01:15 GMT)
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