The Conference Board Leading Economic Index® (LEI) for France Increases

BRUSSELS, Oct. 18, 2012 /PRNewswire/ -- The Conference Board Leading Economic Index® (LEI) for France increased 0.6 percent in August to 114.2 (2004 = 100), following a 0.3 percent increase in July and a 0.3 percent decline in June.

At the same time, The Conference Board Coincident Economic Index® (CEI) for France, a measure of current economic activity, was unchanged in August, remaining at 104.5 (2004 = 100), following a 0.1 percent increase in July, and no change in June.

Despite two consecutive monthly gains in the LEI for France, the index's six-month growth rate remains just moderately positive. At the same time, the CEI for France was unchanged and has been relatively flat over the past year. Taken together, the composite indexes suggest economic activity in France will likely remain stagnant and a pickup in the near-term is unlikely.

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

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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