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SOURCE The Conference Board
BRUSSELS, Feb. 21, 2014 /PRNewswire/ -- The Conference Board Leading Economic Index® (LEI) for Germany increased 0.1 percent in December to 108.2 (2004 = 100), following a 0.5 percent increase in November and a 0.1 percent increase in October.
At the same time, The Conference Board Coincident Economic Index® (CEI) for Germany, a measure of current economic activity, declined 0.2 percent in December to 107.6 (2004 = 100), following a 0.4 percent increase in November, and a 0.2 percent decline in October.
The LEI for Germany has been on an upward trend throughout 2013, though its six-month growth rate has recently moderated. At the same time, the CEI showed a slight increase in 2013, and as a result its six-month growth rate has also eased. Taken together, the recent behavior of the composite indexes suggests that the German economy will continue expanding at a slow pace 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 Stock Prices New Orders, Residential Construction Consumer Confidence Index
About The Conference Board The Conference Board is a global, independent business membershipand research association working in the public interest. Our mission is unique: To provide the world's leading organizationswith 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.