The Conference Board Leading Economic Index® (LEI) for France Increases
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SOURCE The Conference Board
BRUSSELS, March 19, 2014 /PRNewswire/ --The Conference Board Leading Economic Index® (LEI) for France increased 0.3 percent in January to 117.5 (2004 = 100), following a 0.3 percent increase in December, and a 0.1 percent increase in November.
At the same time, The Conference Board Coincident Economic Index® (CEI) for France, a measure of current economic activity, was unchanged in January, at 103.5 (2004 = 100), following no change in December, and a 0.1 percent increase in November.
The LEI for France continued on its upward trend in January and, as a result, its six-month growth rate also advanced further on recent months' gains. Meanwhile, the CEI has been relatively flat for the past year, but its six-month growth rate has turned slightly positive in recent months. Taken together, the recent behavior of the composite indexes suggests that France's economy will continue to improve and the pace of growth may even see a moderate pick-up in the first half of 2014.
About The Conference Board Leading Economic Index® (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® 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
About The Conference Board The Conference Board is an 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. www.conference-board.org.