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

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Jan 22, 2013, 04:00 ET

BRUSSELS, Jan. 22, 2013 /PRNewswire/ -- The Conference Board Leading Economic Index® (LEI) for France increased 0.5 percent in November to 114.1 (2004 = 100), following a 0.4 percent decline in October, and a 0.6 percent increase in September.

At the same time, The Conference Board Coincident Economic Index® (CEI) for France, a measure of current economic activity remained unchanged in November at 104.0 (2004 = 100), following a 0.1 percent decline in October, and a 0.2 percent decline in September.

The LEI for France increased in November and its six-month growth rate has improved slightly. The CEI for France, however, has been largely on the decline during the second half of 2012 after staying essentially flat in the first half of 2012. The recent behavior of the composite indexes suggests that economic activity remains weak, but may start to pick up slightly in the near term.

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.

Summary Table of Composite Indexes
	2012						6-month
	Sep		Oct		Nov		May to Nov

Leading Economic Index (LEI)	114.0	p	113.5	p	114.1	p
Percent Change	0.6	p	-0.4	p	0.5	p	1.3	p
Diffusion	78.6		28.6		64.3		57.1

Coincident Economic Index (CEI)	104.1	p	104.0	p	104.0	p
Percent Change	-0.2	p	-0.1	p	0.0	p	-0.4	p
Diffusion	25.0		37.5		50.0		12.5

n.a. Not available p Preliminary r Revised
Indexes equal 100 in 2004
Source: The Conference Board All Rights Reserved