The Conference Board Leading Economic Index® (LEI) for Germany Declined

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Sep 11, 2015, 09:30 ET

NEW YORK, Sept. 11, 2015 /PRNewswire/ -- The Conference Board Leading Economic Index® (LEI) for Germany declined 0.1 percent in July to 108.0 (2010 = 100), following a 0.3 percent decline in June, and a 0.3 percent decline in May.

At the same time, The Conference Board Coincident Economic Index® (CEI) for Germany, a measure of current economic activity, increased 0.2 percent in July to 105.7 (2010 = 100), following a 0.1 percent decline in June, and no change in May.

In July, the LEI registered its fourth consecutive monthly decline, and as a result its six-month growth rate was unchanged compared to the second half of last year. Meanwhile, the CEI edged up in July, and its six-month growth rate has moderated. Taken together, the recent behavior of the composite indexes suggests that the expansion in the economy may continue in the near-term, but the pace of growth is unlikely to accelerate considerably.

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 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.

For more information including full press release and technical notes:
http://www.conference-board.org/data/bcicountry.cfm?cid=4

For more information about The Conference Board global business cycle indicators:
http://www.conference-board.org/data/bci.cfm

Summary Table of Composite Indexes
			2015				6-month
	May		Jun		Jul		Jan to Jul

Leading Economic Index (LEI)	108.4	r	108.1	p	108.0	p
Percent Change	-0.3	r	-0.3	p	-0.1	p	0.0	p
Diffusion	28.6		50.0		71.4		57.1

Coincident Economic Index (CEI)	105.6	r	105.5	r	105.7
Percent Change	0.0		-0.1	r	0.2		0.4
Diffusion	62.5		37.5		75.0		100.0

n.a. Not available p Preliminary r Revised
Indexes equal 100 in 2010
Source: The Conference Board All Rights Reserved